CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

What’s next for SGX shares?

The bourse operator’s shares rallied after posting stronger derivatives results in April 2022.

  • Singapore Exchange (SGX: S68) share price rallied nearly 2% on Thursday (12 May 2021)
  • The bourse operator reported its April 2022 statistics, in which total derivatives trading volume ‘rose to a record’
  • The Straits Times Index was the strongest performing developed-market benchmark globally in the first four months of 2022
  • CIMB analysts recently reiterated an ‘add’ call on SGX, while UOB kept a ‘hold’ rating
  • Keen to trade SGX shares? Open an account with us to long or short the stock today via CFDs.
  • SGX share price: what’s the latest?

    Singapore Exchange (SGX) shares rallied as much as 2% to a high of S$9.57, after releasing its market statistics for April 2022.

    The blue-chip counter is up 1.5% year to date but down by almost 5% in the last one month.

    The latest analyst sentiments published by SGX StockFacts show a consensus rating skewed toward ‘neutral’, alongside a price target of S$10.145 on the stock.

    The price target equates to an over 6% upside potential from SGX’s last traded price of S$9.52 on Thursday.

    CIMB analysts previously reiterated an ‘add’ call and price target of S$10.40 on the stock, with UOB rating the stock a ‘hold’ while raising price target to S$9.33 (from S$9.09).

    STI Index: ‘strongest performing developed-market benchmark’ this year

    SGX’s market statistics for April 2022 revealed that derivatives trading volume ‘rose to a record amid macro uncertainties, while the continuing Russia-Ukraine conflict drove hedging activity in freight’.

    Derivatives daily average volume rose 25% year-on-year (y-o-y) to 1.1 million contracts in April, reaching an all-time high of almost three million contracts on 26 April 2022.

    Total traded volume for the month gained 19% y-o-y to 20.8 million contracts.

    Equity index futures volume climbed 23% y-o-y to 15.1 million contracts, while FX futures volume increased 27% y-o-y to 2.8 million contracts – the highest since March 2021.

    The traded volume of SGX FTSE China A50 Index futures gained 37% y-o-y in April to 9.1 million contracts, SGX USD/CNH Futures volume rose 58% y-o-y to 1.2 million contracts, while iron ore volume climbed 3% y-o-y to 1.8 million contracts.

    SGX Nifty 50 Index futures traded volume increased 14% y-o-y to 2.4 million contracts, while SGX INR/USD Futures volume were up 9% y-o-y at 1.5 million contracts.

    Commodity derivatives traded volume stood at 2.1 million contracts in April, easing as market volatility normalised from recent months.

    Blue-chip barometer Straits Times Index (STI) declined 1.5% to 3,356.9. Over the first four months of the year, the STI was the strongest performing developed-market benchmark globally, generating a 7.5% gain, with dividends boosting the total return to 8.7%.

    This was a significant outperformance to the FTSE Asia Pacific Index and FTSE All-World Index. From January to April, Singapore stocks received close to S$420 million of net institutional inflows.

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