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C THE FINANCIAL SECTOR: PERFORMANCE AND GROWTH  
  Financial Market Activity 58
 
Active Corporate Debt Market  
58
 
Box 13 – Introduction of Electronic Bond Platform for
 
Trading of Singapore Government Securities  
59
 
Growth in Asset and Wealth Management  
60
 
Trading in the Equities and Futures Market  
60
 
Strong Growth in the Treasury Market  
61
 
Box 14 – Islamic Finance Development in Singapore  
62
 
Box 15 – Regional Commodity Derivatives Trading  
64
 
  FINANCIAL MARKET ACTIVITY

Trading in the Equities and Futures Market
 

The Straits Times Index rose to 2,347 points at end 2005, delivering a 14% year-over-year return. Trading volumes for 2005 as a whole increased by 18% this year.

Turnover value on the Singapore Exchange (SGX) rose 12% to S$205 billion in 2005. In volume terms, turnover increased 14% to 204 billion shares. The joint market capitalisation of the Mainboard and SESDAQ declined 5% in 2005. As at end 2005, a total of 492 companies were listed on the Mainboard and 171 companies were listed on SESDAQ, up from 462 and 163 respectively in 2004.

In the derivatives market, Asian equity derivatives continued to enjoy strong growth. SGX Nikkei 225 Index Futures has delivered strong performance since it started full electronic trading on 1 April 2005. Volume surged 54%, with nearly 12 million contracts traded in 2005. Mini-Japanese Government Bond (JGB) Futures, which also went fully electronic on 1 April 2005, grew 33% to over 1 million contracts, and MSCI Taiwan Index Futures rose 16% to 8 million contracts in 2005. Last year also saw strong growth in warrants activity, with close to 400 warrants listed on the SGX as at end 2005.