To The Moon

TOTAL market turnover value on the Singapore Exchange (SGX) $SINGAPORE EXCHANGE LIMITED(S68.SI)$ reached S$35.7 billion in March 2022, down 8 per cent on the year but up 21 per cent from the month before.

Gains in derivatives volume drove performance for the first 3 months of 2022. Securities turnover also rose as the Straits Times Index (STI)$Straits Times Index(STI.SI)$ was the top-performing stock benchmark in the Asia-Pacific, with a 9.1 per cent price return and 9.6 per cent total return.

The securities daily average value (SDAV) for March stood at S$1.6 billion, down 5.4 per cent on the month and 8 per cent lower year on year. SDAV for the January-to-March period jumped 32 per cent quarter on quarter to S$1.46 million amid "a flight to quality" and expectations of higher interest rates.

Derivatives daily average volume (DAV) hit a 2-year high in March, with 1.2 million contracts. This came as total traded volume advanced 42 per cent month on month to 26.3 million contracts.

As a result, derivatives volume was lifted to 64.9 million contracts in the first 3 months of 2022, 17 per cent higher than the quarter before. The average fee per contract for equity, currency and commodity derivatives for the quarter was S$1.55.

Securitised products also saw strong growth due to heightened market volatility, SGX noted. The market turnover value of exchange-traded funds (ETF) increased 63 per cent month on month in March to S$663 million. Year on year, ETF market turnover value was 28 per cent higher.

The turnover of structured warrants rose 37 per cent month on month to S$408 million and was 33 per cent higher year on year.

Meanwhile, the S$859 million in turnover recorded for daily leverage certificates was nearly 4 times the S$215 million recorded the month before, and 3.8 times the S$228 million recorded in the year-ago period.

As for new bond listings, the amount issued from 104 new bond listings last month stood at S$31.1 billion, down 7 per cent from the month before and 38 per cent lower from the previous year.