Singapore Exchange - DBS Research 2025-07-30: Benefitting From Structural Changes & EQDP Multiplier Effect

• SGX (SGX:S68) closed FY25 on a high. While June’s performance dipped slightly in terms of SDAV, derivatives volume continued to grow (+3% m-o-m). FY2025 saw impressive trading volumes and values across all asset classes: SDAV grew +27% y-o-y, total and average daily derivatives volume grew +17 y-o-y.
• - Read this at SGinvestors.io -
• Particularly, FTSE China A50 Index Futures continued to see strong growth of +28% y-o-y and +9% m-o-m during June.

Volatility and S$ safe-haven inflows are structural and here to stay

• Volatility and S$ safe-haven inflows are structural and here to stay in our opinion, which will continue to bolster both equities and derivatives trading volumes amidst a low interest rate environment. SGX has historically benefited from volatility, as demonstrated by the spike in SDAV and derivatives volumes during volatile events.
• - Read this at SGinvestors.io -

Looking at Singapore’s M2 to gauge liquidity.

• Read more at SGinvestors.io.

Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2025-08-11 SGX - Higher Dividends Ahead.

Price targets by 5 other brokers at SGX Target Prices.

Listing of research reports at SGX Analyst Reports.

Relevant links:
SGX Share Price History,
SGX Announcements,
SGX Dividend Payout Dates & Corporate Actions,
SGX News