, Singapore

Chart of the Day: SGX has one of the weakest stock market turnovers in Asia

It trails behind regional peers.

The Singapore Exchange lags regional peers when its comes to turnover velocity, which is an indicator of breadth and liquidity in the market.

According to Jefferies, SGX has one of the lowest turnover velocities among regional exchanges. The local bourse has a turnover velocity of under 50%, while regional leader Shanghai Exchange has a turnover velocity of almost 350%.

This is the second-lowest turnover velocity in the region. Only Bursa Malaysia has a lower turnover velocity than the SGX.

"The decline in turnover velocity has affected all exchanges except Shanghai/HK. However, compared to the averages of the last 5 years, we note that SGX and ASX have been negatively impacted the most," said the report.
 

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