Trading volume in Nifty futures on Singapore bourse drops 14% YoY

MUMBAI: Trading of India’s key equity derivative index Nifty has witnessed a fall in Singapore. Data from the Singapore Stock Exchange (SGX) showed that there was a 14 per cent year-on-year decline in trading volumes of SGX Nifty index futures to 1.54 million. Data from Bloomberg showed that 1.06 million unites of Nifty index futures were traded in February.

On a month-on-month basis, SGX said there was a 5 per cent jump in Nifty futures trading. Yet another popular India-centric index on SGX, the MSCI India Index Futures, also witnessed a fall in volume by 10 per cent on a month-on-month 11 per cent year-on-year basis to 17,676, units.

Overall the securities market turnover value stood at $28.2 billion, up 35 per cent month-on-month and up 17 per cent year-on-year, over 20 trading days, the SGX said.

There were 20 trading days in January 2017 and 19 in February 2016.

Securities daily average value (SDAV) was S$1.409 billion, up 35% month-on-month and up 11% year-on-year.

Market turnover value of Exchange Traded Funds (ETFs) was S$239 million, down 18% month-on-month and up 15% year-on-year.

Market turnover value of structured warrants was S$1.167 billion, up 19% month-on-month and up 355% year-on-year.

There were 2 new Catalist listings during the month, raising S$49.2 million.

There were 87 new bond listings, raising S$37.603 billion.

Total market capitalisation value of 754 listed companies stood at S$977.1 billion as at end-February 2017.
Derivatives

Total Derivatives volume was 12.47 million, up 7% month-on-month and down 10% year-on-year.

Equity Index Futures volume was 9.95 million, up 4% month-on-month and down 14% year-on-year.

FTSE China A50 Index Futures remained the most active contract with volume of 4.68 million, up 5% month-on-month and down 17% year-on-year.

SGX Nifty 50 Index Futures volume was 1.54 million, up 5% month-on-month and down 14% year-on-year.

Nikkei 225 Index Futures volume was 1.41 million, down 13% month-on-month and down 43% year-on-year.

MSCI India Index Futures volume was 17,676, down 10% month-on-month and down 11% year-on-year.

Total FX Futures volume was 588,331, up 1% month-on-month and up 7% year-on-year.

SGX INR/USD Futures volume was 488,389, up 4% month-on-month and down 6% year-on-year.

SGX USD/CNH Futures volume was 92,008, down 15% month-on-month and up 308% year-on-year.

Value of cleared OTC SGD Interest Rate Swaps was S$13.2 billion, down 12% month-on-month and up 25% year-on-year.

Commodities

SGX Commodities Derivatives volume was 1.49 million, up 26% month-on-month and up 28% year-on-year.

Iron Ore Derivatives volume was 1.31 million, up 28% month-on-month and up 23% year-on-year.

Forward Freight Derivatives volume was 36,159, up 18% month-on-month and down 10% year-on-year.

Volume of SICOM Rubber Futures, the world’s price benchmark for physical rubber, was 125,480, up 8% month-on-month and up 115% year-on-year.