Singapore Exchange (SGX) delivered a strong 1QFY26 operating data, with highest quarterly securities daily average value (SDAV) since 3QFY21, a four-year high in retail participation, and broader activity beyond blue chips.
- Read this at SGinvestors.io -
Valuations now trade close to 2 standard deviation above historical averages.
September securities turnover was S$33.3bn (+10% y-o-y) with SDAV of S$1.52bn (+5% y-o-y).
For 1QFY26, SDAV rose 16% q-o-q to S$1.53bn, the highest since 3QFY21, driven by a four-year high in retail investor activity and strong interest in small-and mid-caps, where trading value surged 88% q-o-q alongside continued institutional inflows (+S$511m since Feb 2025).
- Read this at SGinvestors.io -
As implied, 1HFY26 SDAV is tracking 5% below our estimate, we raise our forecast by 3.5%.
SGX saw listing of nine IPOs in 1QFY26, raising S$2.2bn – the highest quarterly proceeds since 2017.
September derivatives volume rose to 30.6m contracts (+6% y-o-y), with DDAV at 1.40m (-3% y-o-y).
Read more at SGinvestors.io.
Above is an excerpt from a report by RHB Securities Research. Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.
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