- Singapore Exchange (SGX)'s FY23 (Jul 2022 to Jun 2023) market statistics disappointed, as securities daily average value (SDAV) and derivatives daily average volume (DDAV) were 2% and 4% below our forecasts – both declined q-o-q and y-o-y in 4QFY23.
- - Read this at SGinvestors.io -
- SGX's forward P/E is at the historical meman, i.e. fairly valued.
Securities volume fell y-o-y for six consecutive months, but SDAV improved in June.
- - Read this at SGinvestors.io -
- In Jan-Jun 2023, reinvested dividends boosted the STI’s total return to 1.2%. See also SGX market update: The Straits Times Index (STI) Books 1.2% Total Return In 1H23 As Global Growth Decelerates.
- For FY23, both securities turnover and securities daily average value (SDAV) disappointed, with a y-o-y declines of 14% and 13%.
- Pasture Holdings (SGX:UUK), a pharmaceutical company, joined the Catalist board in June. SGX-listed companies raised S$289.8m of secondary equity funds in June. From January to June as well, secondary fundraising totalled S$2.4bn (+91% y-o-y).
DDAV improved m-o-m in June.
- Read more at SGinvestors.io.
