- For Aug 24, Singapore Exchange (SGX) reported that SDAV reached a two-year high, driven by increased market turnover value from both institutional and retail investors. Total derivative traded volumes were also higher, driven by the forex and commodities segments.
- - Read this at SGinvestors.io -
Bottomed out as expected.
- See SGX's announcement dated 9 September – it reported the Aug 24 monthly statistics which showed that Securities Daily Average Value (SDAV) increased sharply (+27.8% y-o-y, +18.8% m-o-m) to S$1.37b, the highest since Mar 22. This was driven by an increase in market turnover value from both institutional and retail investors adding positions in index stocks along with small-mid caps.
- - Read this at SGinvestors.io -
- We do expect SGX's SDAV to stay elevated in the following months as an uncertainty over the global economy, upcoming US elections and the US Fed interest rate policy would likely increase trading velocity.
Robust derivatives volume in line.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Llelleythan Tan UOB Kay Hian Research | Heidi Mo UOB Kay Hian | https://research.uobkayhian.com/ 2024-09-16
Read also UOB's most recent report:
2024-10-16 Singapore Exchange (SGX) - Stellar Month For All Business Segments.
Price targets by 3 other brokers at SGX Target Prices.
Listing of research reports at SGX Analyst Reports.
Relevant links:
SGX Share Price History,
SGX Announcements,
SGX Dividends & Corporate Actions,
SGX News Articles
