Mar 06, 2014

    Securities trading here eased in Feb

    THE Singapore Exchange (SGX) said yesterday that securities trading fell 35 per cent to S$20.9 billion last month, with the daily average value of trading down 41 per cent.

    The daily average value of trading fell to S$1 billion because there were more trading days last month, compared to February last year, SGX said.

    Compared to January, securities trading was 7 per cent down last month, while the daily average value was 2 per cent lower.

    "February had one fewer trading day compared with January," SGX said.

    Bond listings totalled 33 last month, raising S$8.9 billion. The biggest bond issues were the 1.5 billion euro (S$2.6 billion) convertible perpertual bonds from Banco Bilbao Vizcaya Argentaria, and the US$500 million (S$635 million) notes from Indian Railway Finance Corporation and Korea Gas Corporation.

    Derivatives volume fell 7 per cent year-on-year to 8.1 million contracts, though open interest rose 6 per cent to 3.3 million contracts at the end of last month from a year earlier.

    The daily average volume of 450,251 was 13 per cent lower, as there were more trading days last month, as compared to that a year earlier.

    Total volume was 8 per cent down from January's, but the daily average volume was up 2 per cent.

    Sicom rubber futures volume increased 23 per cent to 29,891 contracts, while volume for the newly launched iron-ore futures continued to grow, totalling 47,570 contracts. This was up 9 per cent from January.