SGX daily share trading down by modest 0.2% in March
Posted by Trading Advisor on 2:33 PM with 1 comment
Daily share trading activity on the Singapore Exchange (SGX) eased in
March from year-ago levels, while derivatives trading continued to
grow.
The securities daily average value (SDAV) slipped by 0.2 per cent
year-on-year to S$1.1 billion in March, according to data by SGX. The
average traded volume of securities experienced a sharper fall, by 38.4
per cent, to 1.4 billion shares.
Turnover velocity, a measurement that is closely tracked by SGX and
that reflects how often a share is traded on average, fell to 37 per
cent from 40 per cent a year earlier.
The derivatives market had more excitement. Average daily trading
volume in derivatives grew 46.2 per cent year-on-year in March to
678,126 contracts. A total of 3.3 million open-interest positions were
left overnight in March, a 5 per cent year-on-year improvement.
The FTSE China A50 Index futures were a
key contributor to growth, with March's 7 million traded contracts more
than double the year-ago 2.5 million volume.
Categories: SGX, Singapore News
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