SGX January 2026 Market Statistics: Robust Market Activity and Rising Capitalisation

Overview

The Singapore Exchange (SGX) has released its Market Statistics Report for January 2026, revealing strong performance across both the cash equities and derivatives markets. Key indicators point towards increased trading activity, higher market capitalisation, and notable sectoral movements. These developments may significantly impact shareholder value and influence share prices, especially for major index constituents and sectors showing outsized growth.

Key Highlights

• Stock Market Turnover: January saw substantial increases in both trading volume and value. Turnover volume jumped to 33,915 million shares (up 77% YoY), while turnover value reached S\$34,630 million (up 66% YoY).
• Market Capitalisation: Total market capitalisation soared to S\$1,101,283 million, a 26% YoY increase, signalling renewed investor confidence and robust equity valuations.
• Trading Velocity: Overall turnover velocity rose to 38% from 29% in December, indicating higher liquidity and faster capital flows.
• Derivatives Market: Derivatives trading volume surged to 32,069,742 contracts, a 34% YoY increase. Open interest also rose 26% YoY, highlighting sustained institutional and retail participation.
• Sectoral Performance: Sectors such as Technology (+34% YoY index growth), Oil & Gas (+77% YoY index growth), Real Estate Holding & Development (+66% YoY), and Industrials (+45% YoY) posted strong index gains, suggesting sector rotation and new investment themes.
• STI Index: The Straits Times Index closed at 4,905.13, up 27% YoY and 6% MoM, marking one of the most significant rallies among global benchmarks.
• Top Companies by Market Cap: DBS Group Holdings remains the largest, with S\$167,983 million, followed by OCBC, Singtel, and UOB. Notably, NIO Inc. OV entered the top 15 at S\$15,759 million, reflecting global investor interest in the EV sector.
• Bond Market: New bond listings totaled 54 for January, raising S\$30,554 million, a slight increase YoY. Foreign issuers continue to dominate (78% of listings), with major issues from Korea, Indonesia, and Australia.

Detailed Insights

Strong Trading Activity

The SGX reported a sharp rise in both volume and value of trades in January 2026. The daily average turnover value climbed to S\$1,649 million (up 58% YoY), indicating robust investor engagement. The increase in listed securities to 607 also points to a growing and diversified market.

Sectoral Growth and Price Sensitivity

Technology and Oil & Gas sectors led the charge, with Technology index up 34% and Oil & Gas up 77% YoY. Industrials and Real Estate sectors also saw strong growth, suggesting these areas may attract further capital inflows. Investors in these sectors should monitor for continued momentum, as these movements may be price-sensitive and influence future share valuations.

Health Care sector posted modest gains (+1% YoY), while Consumer Services and Utilities saw strong YoY rebounds.

STI Constituent Stocks – Potential Impact

The STI index’s 27% YoY rally is likely to affect many constituent stocks, including DBS, OCBC, UOB, Singtel, Keppel, SIA, and others. DBS captured 16% of the total trading value, making it particularly sensitive to investor sentiment and market flows. Other price-sensitive stocks include Singtel, UOB, and Singapore Tech Engineering.

Investors should note that these companies collectively represent 78% of the total market capitalisation, and any changes in their performance can significantly move the broader index and share prices.

Derivatives Market – Institutional Activity

The derivatives market saw record volumes in equity index futures (especially FTSE China A50, Taiwan, and GIFT Nifty contracts), indicating strong institutional hedging and speculative activity. Open interest in GIFT Nifty 50 Index Futures rose 15% YoY, and USD/CNH FX Futures open interest increased 56% YoY. Investors should be aware that heightened derivatives activity often precedes shifts in underlying share prices, especially in index constituents and related sectors.

Bond Market – Foreign Dominance and Major Issuances

Foreign issuers constituted the majority of new bond listings and funds raised. Major issues included Export-Import Bank of Korea (USD 3.5 billion), Korea Development Bank (USD 3 billion), and Republic of Indonesia (USD 2.7 billion). This influx could affect Singapore’s capital markets, liquidity, and potentially impact share prices of local financial institutions involved in these deals.

Shareholder Updates and Price-Sensitive Considerations

• Sector Rotation: Investors should monitor Technology, Oil & Gas, Industrials, and Real Estate sectors for further price action, as these have shown outsized gains and may continue to attract capital.
• Index Constituents: STI stocks, particularly DBS, OCBC, UOB, Singtel, Keppel, and SIA, are highly price-sensitive. Large trading volumes and their dominant market cap positions make them likely movers of overall SGX performance.
• Derivatives Flows: Increased open interest and volume in index futures and FX contracts suggest institutional positioning that could affect underlying share prices.
• Global Listings and Bonds: The predominance of foreign bond listings and cross-border fund flows may impact local interest rates, liquidity, and valuations for Singapore-based issuers.

Conclusion

January 2026 was a pivotal month for SGX, marked by record trading activity, rising market capitalisation, and sectoral shifts. Investors should remain vigilant for continued momentum in outperforming sectors, heightened derivatives market activity, and the influence of global capital flows on local equities. These factors are likely to be price-sensitive and may drive further share price movements in the coming months.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with financial advisors before making any investment decisions. While reasonable care has been taken to ensure accuracy, no liability is accepted for any errors, omissions, or losses arising from reliance on this information.

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