The Singapore Exchange (SGX) said on Tuesday that shares trading grew in December but tumbled 25 per cent for the year - the most since trading plunged by 37 per cent in 2008 at the height of the global financial crisis.
On a brighter note, derivatives trading hit records in December and the whole of 2014.
For the whole of 2014:
Securities
- Total trading value was $266 billion, down 25 per cent from 2013; average daily trading value was $1.1 billion, down 25%.
- Market capitalisation grew 6.1 per cent to $998 billion. On a total return basis, including dividends, the Straits Times Index was up 9.5 per cent.
- New company listings totaled 41, up from 32 in 2013. Total funds raised were $3.9 billion, down 45% from 2013.
- New bond listings totaled a record 521 versus 465 in 2013. Value of bond listings also hit a record, growing 21 per cent to $213 billion.
Derivatives
- Volume reached a record 120 million contracts, up 7.4 per cent from 2013.
- FTSE China A50 futures volume almost doubled to 41 million contracts from 22 million contracts in 2013.
- Indian rupee/US dollar foreign exchange futures trading totaled 597,738 contracts in 2014, following its November 2013 launch; volume of the newly-launched US dollar/Chinese renminbi FX futures totaled 29,824 contracts in 2014.
Commodities
- SICOM rubber futures volume grew 41 per cent to 489,790 contracts.
- Volume of cleared iron ore swaps and AsiaClear iron ore futures totaled a record 2.6 million contracts, five times the 525,448 contracts of 2013. Cleared iron ore swaps volume increased 20 per cent to 551,954 contracts while AsiaClear iron ore futures volume was 2 million contracts, 31 times the 65,839 contracts of a year earlier.
For December 2014:
Securities
- Total trading value was $22 billion, up 8.2 per cent from a year earlier; average daily trading value was $983 million, up 3.4 per cent. December 2014 had one more trading day than December 2013.
- New companies listed totaled 7, raising $583 million compared with 3 raising $569 million a year earlier.
- Bond listings totaled 28 raising $8 billion. This was 36 per cent up from the amount raised a year earlier.
Derivatives
- Volume was a record 17 million contracts, almost double the 8.9 million contracts of a year earlier.
- FTSE China A50 futures volume was a record 9.5 million contracts, almost five times the 2.1 million contracts of a year earlier.
- India Nifty futures trading grew 29 per cent to 1.7 million contracts.
- Nikkei 225 futures volume was steady at 2.9 million contracts.
- Indian Rupee/US dollar foreign exchange futures volume was 170,004 contacts following its launch 13 months earlier, and up 59 per cent from November 2014.
- US dollar/Chinese renminbi FX futures volume was 9,549 contracts, two months after its launch.
- Cleared OTC financial derivatives volume was $2.9 billion, down 22 per cent year-on-year.
Commodities
- SICOM rubber futures volume was 42,585 contracts, up one-third from 32,195 contracts a year earlier.
- Volume of cleared iron ore swaps and AsiaClear iron ore futures totaled 325,636 contracts; six times the 57,807 contracts of a year earlier.
