SGX April trading volumes bounced back to just S$1.3b daily

It's getting more cautious amidst the decline.

According to Nomura, improved market sentiments across the capital markets have led to increase in securities and derivative trading volumes. 

On y-y basis, growth in securities trading value was at 1% y-y, while derivative trading volumes showed a double-digit growth of 12% y-y.

Here's more from Nomura:

Improvement in securities traded values to S$1.7bn/day in 3Q13 helped offset the relatively sluggish 1H13 (which fell 6%y-y).

However, trading volumes for April so far have declined back to S$1.3bn/day. The management also remains cautious as the uncertainty in the global markets persists.

Open Interest positions in the derivatives market continue to rise reflecting SGX’s attractiveness for risk management. Management expects capex to be close to the lower end of its initial guidance of S$30–35mn for the full-year FY13.

YTD capex stood at S$14mn with expenditure expected in 4Q13 on account of license renewal and renovation of office premises.

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