SGX securities market turnover value dropped 24% to $21.6b in November

Its securities daily average value also crashed 21% to $1.03b.

The Singapore Exchange’s (SGX) total securities market turnover value crashed 24% YoY and 11% MoM to $21.6b in November, an announcement revealed.

Its securities daily average value (SDAV) also recorded a 21% YoY fall to $1.03b. On a MoM basis, it was down 3%. Meanwhile, the market turnover value of Exchange Traded Funds (ETFs) in the local bourse plummeted 36% YoY and 40% MoM to $146m whilst the market turnover value of structured warrants and Daily Leveraged Certificates (DLCs) which grew 11% MoM and 6% YoY to $2.02b.

The local bourse noted that November saw 112 new bond listings which raised $68.8b. In total, the market capitalisation value of the 739 SGX-listed firms hit $949.1b as of end-November.

In November, the SGX had 21 trading days which is lesser compared to the 23 trading days in October and 22 trading days in in November 2017.