Thursday, April 05, 2012

Securities market activity in SGX declines in March

SINGAPORE: Securities market activity in the Singapore Exchange (SGX) declined in March. Total market turnover in the securities market fell 31 per cent to 36.9 billion shares in March, valued at S$28.8 billion, from the previous month.

In comparison, total market turnover in February was 53.4 billion shares, valued at S$37.6 billion.
Daily average value was down 27 per cent from February, at S$1.3 billion, and 19 per cent lower year-on-year.

However, there are some bright spots in securities trading.

Exchange traded funds turnover in March grew 48 per cent to S$622 million from February.

Trading of structured warrants also grew in March. Its trading volume rose 12 per cent to 5.7 billion units from February, and more than doubled from a year earlier.

SGX's total market capitalisation in March grew 1.2 per cent to S$870.9 billion from the previous month.
Meanwhile, trading in the derivatives market continued to grow in March.

Total futures and options trading volume grew 15 per cent in March to 7.5 million contracts from February. Daily average volume grew nine per cent to 353,683 contracts compared with the previous month.

In the over-the-counter (OTC) market, volume of OTC commodity contracts cleared more than doubled to 23,808 contracts from a year earlier.

Bond listings also more than doubled to S$25 billion from a year earlier and grew 53 per cent from February.
The biggest listings were Mizuho Corporate Bank's US$1.5 billion 2017 senior notes, Sumitomo Mitsui

Banking Corporation's US$1.5 billion 2022 bonds and Genting Singapore's S$1.8 billion perpetual bonds.

View the original article here

Source From Channel News Asia

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