- Singapore Exchange’s securities turnover and derivatives trading volume for November are tracking our estimates. In line with expectations, growing investor interest in Singapore equities and active trading in index stocks, especially banks and REITs, boosted the securities turnover.
- - Read this at SGinvestors.io -
Strong securities trading data.
- November turnover and securities daily average traded value (SDAV) of S$30.1bn and S$1.44m were up 51% each y-o-y, aided by strong rises in the turnover for the financials (includes REITs), industrials, and telecommunications sectors. The revised market expectations of a slower reduction in US interest rates and strong quarterly results from the banks drove the performance.
- - Read this at SGinvestors.io -
- Singapore was the most actively traded cash market in ASEAN and among Asia-Pacific developed markets, as the STI led ASEAN markets with a 17-year high for three consecutive days. SGX also witnessed the secondary listing of PC Partner (SGX:PCT) on the Mainboard, as well as the listings of Goodwill Entertainment (SGX:GEH) and Attika (SGX:53W) on the Catalist in November.
- SGX noted that retail investors net bought S$346m of REITs during this period, the highest since mid-2023. See SGX fund flow chart by sector.
Derivative volume grows y-o-y but is soft m-o-m.
- Read more at SGinvestors.io.
Shekhar Jaiswal RHB Securities Research | https://www.rhbgroup.com/ 2024-12-09
Previous report by RHB:
2024-11-20 Singapore Exchange (SGX) - Raising Earnings Estimates.
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
