SGX China Equity Index Derivatives Monthly Commentary – July 2016

Market Overview by Singapore Exchange.

Chinese A-share benchmark indices CSI300 Index and FTSE China A50 Index gained 1.6% and 1.5% respectively in July. The indices have risen 2.7% and 2.2% respectively since June 23, when the U.K. voted to leave the European Union, placing China’s stock market among the world’s best post-Brexit performers.

SGX FTSE China A50 index futures traded 5,023,074 contracts in July. Average daily volume fell 6% month-on-month to 239,194 contracts. The contract enjoyed a robust roll market in July. Month-end open interest grew 12% month-on-month to 623,643 contracts, or approximately US$6b in notional value, as customers continued to look to the futures contract for their hedging needs.

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