SGX trading volumes to surge as Shenzhen-HK stock connect gains steam

Average trading volume expected to hit $1.27b in FY17.

Analysts expect the Singapore Exchange’s trading volumes to record robust growth in coming months, given the increased trading volumes in the first few trading days of 2017.

According to RHB Research, the Singapore securities market saw a surge in trading activities over the past three months.

From October to December2016, the local bourse booked a securities average daily value (SADV) of $1.06bn, up 9% quarter-on-quarter. RHB Research forecasts that SADV will hit $1.27bn by the end of FY17.

“[This is] given increased trading volumes in the first few trading days of 2017. SADV jumped in 2QFY17 to SGD1.06bn, up 9% QoQ and a strong 18% YoY,” RHB Research said.

[We] expect stronger China A50 Index Futures trading volumes, which surged 6-8 months after the commencement of Shanghai-HK Stock Connect in Nov 2014 – trading volumes surged in 2Q15. Following the commencement of Shenzhen-HK Stock Connect in Dec 2016, we are projecting stronger China A50 Index Futures trading volumes going forward,” the report added.

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