, Singapore

SGX daily average value slumps 11% to $971m in September

Total securities market turnover fell 11% to $19.4b.

The Singapore Exchange (SGX) is facing an 11% YoY slump in its securities daily average value (SDAV) which went down to $971m in September, an announcement revealed. On an MoM basis, the SDAV fell 13%.

Total securities market turnover also crashed 11% YoY to $19.4b. Over 20 trading days, it plummeted 17% MoM.

For Exchange Traded Funds (ETF), market turnover value dropped 12% YoY and 51% MoM to$188m. Market turnover value of structured warrants and Daily Leveraged Certificates (DLCs) crashed 26% YoY and 21% MoM to $1.43 b.

In September, SGX welcomed one new player in the Catalist listing which raised $12.95m whilst the 56 new bond listings raised $24.44b. According to the local bourse, the total market capitalisation of the 745 listed firms hit $974.8b by end-September.

For derivatives, volume slipped 16% YoY and 1% MoM to 18.52 million. Meanwhile, SGX Commodities Derivatives volume plummeted 39% YoY to 1.04 million, making it slip 28% MoM.

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