- August is FY26’s second strong monthly data of SGX, with implied securities and derivatives volumes ahead of 1HFY26 estimates.
- We upgrade our securities daily average value (SDAV) and derivatives daily average volume (DDAV) forecasts and accept SGX’s strong operating momentum on small-/mid-cap flows, resilient derivatives demand, and a constructive macro backdrop.
- - Read this at SGinvestors.io -
August securities turnover
- August securities turnover stood at S$33.6bn (+17% y-o-y, -1% m-o-m), with SDAV of S$1.60bn (+17% y-o-y, +9% m-o-m). This implies 1HFY26 SDAV is tracking 11% above our estimates. Trading activity was led by SMID-cap counters with their SDAV rising 11% m-o-m.
- - Read this at SGinvestors.io -
- We raise our FY26-28 SDAV forecasts by 7%, 12%, and 12%, now expecting growth of 16%, 10%, and 5%.
- August also saw the Catalist listing of Dezign Format (SGX:UZF). With the IPO momentum improving, we assume 15 listings in FY26 and 10 annually in FY27-28.
August derivatives volume
- Read more at SGinvestors.io.
