SGX

SGX: trading and clearing volumes in Sep. Total securities turnover was $30.0b, +6% yoy, thanks to one more trading day in Sep for this year. Otherwise, the securities daily average value (SDAV) was up 1% to $1.4b. Catalist turnover rose 5x yoy to $2.9b. Derivatives continued to grow, as total futures and options volume increased 26% yoy to 8.9m contracts, led by a yoy doubling of China A50 Index Futures volume to 1.7m contracts. Meanwhile, SGX is becoming more attractive as a listing venue for early-stage mineral, oil and gas firms. Australian upstream O&G co Linc Energy announced plans to move its listing from Australia to SGX. Linc produces oil in US, and owns undeveloped coal and shale resources in Australia; also possesses unique underground coal gasification UCG technology. Highlights listing on SGX will improve co's access to intl capital mkts and co "will be well positioned to capitalise on Spore's strategy to become one of the world's top 3 major O&G trading hubs". Linc will hold EGM on 6 Nov, with shs expected to be admitted to SGX on 6 Dec.