MAS: Annual report 2006 / 2007
CONTENTS
HOME
 
ENTERPRISE: Our Role
BUILDING ON A ROBUST MACROECONOMIC ENVIRONMENT
DEVELOPMENTS IN THE SINGAPORE SECURITIES MARKET
FOSTERING A SOUND & REPUTABLE FINANCIAL CENTRE
RISK MANAGEMENT & INFRASTRUCTURE
GROWING SINGAPORE AS AN INTERNATIONALLY COMPETITIVE FINANCIAL CENTRE
CURRENCY
ORGANISATIONAL INITIATIVES
GROWING SINGAPORE AS AN INTERNATIONALLY
COMPETITIVE FINANCIAL CENTRE
34
Asset Management 34
Box 7 - Emerging Clusters In Singapore’s Financial Services 35
Active Trading in the Equities and Derivatives Market 37
Leading Real Estate Investment Trusts Market in Asia 38
Shipping Trusts Seek Singapore Listing 38
Infrastructure Finance Taps the Capital Markets 38
Box 8 - Regulatory Oversight Of Commodity Futures 38
Growth in Collateralised Debt Obligations Market 39
Growth in Over-the-Counter Commodity Derivatives  
  Central Counterparty Clearing Activity 39
Box 9 - Listing Of Pioneer Exchange Traded Funds 39
 
Active Trading in the Equities and Derivatives Market
Since the start of 2007, the Straits Times Index has been trading past the 3,000 price level, lifted by Singapore’s strong economic fundamentals, as well as strong growth experienced by the Asian economies. Driven by new listings and stock placements that were substantially larger than those a year ago, the activity in Singapore’s equity capital market hit a record high. As at end April 2007, the total market capitalisation of stocks listed on SGX was S$723 billion, up 69% from the end of 2005. A total of 550 companies were listed on the Mainboard and 168 listed on SESDAQ as at end April 2007, up from 492 and 171 respectively in 2005. Turnover value on SGX rose 46% to S$300 billion in 2006 compared to S$205 billion in 2005. In volume terms, turnover increased 57% to 320 billion shares.

Derivatives trading volume increased 77% to 46 million contracts as at end March 2007 compared to 26 million at the end of 2005. All Asian equity derivatives contracts registered strong growth in the futures market. SGX continues to offer greater market access for retail and institutional investors. Recent initiatives include the listing of the USD-denominated Nikkei 225 Index Futures contract, the launch of TSR Rubber Futures contract on JADE, and the extension of the derivatives trading hours. The mutual offset system agreement with Chicago Mercantile Exchange was also renewed till 2010.
 
Senior Minister and MAS Chairman Goh Chok Tong, MAS Managing Director Heng Swee Keat, seen here with Merrill Lynch’s representatives, attending the Gala Dinner of Merrill Lynch Asia Rising Stars Conference on 9 May 2007.