SGX

SGX: SINGAPORE Exchange (SGX) announced on Wednesday that its securities and trading volumes declined in January. Total value of securities traded was S$22.5b, down 44% from $40.1b last year. Its daily average value declined to S$1.1b from S$1.8b. The volume of derivatives declined 7% y/y to 8.8m contracts. Open interest at end-January rose 6% from a year earlier to 3.1m contracts. A total of 44 bonds were listed, raising S$23.8b, an increase of 18% y/y. The biggest debts listed were two Indonesian sovereign bond issues, namely the US$2b 5.875% Notes due 2024 and US$2 billion 6.75% Notes due 2044. There were five new IPOs in January raising $412m, compared with $10m raised from one IPO in January 2013. A total of $6.9b of new OTC financial derivatives transactions were cleared, up 6% y/y.