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SGX’s May equity market turnover shows an accelerating trend towards a higher baseline velocity. This should drive structurally higher security daily average value (SDAV) in the medium term. Concurrently, derivatives are also posting strong growth.
- - Read this at SGinvestors.io -
Strong May ADV, Velocity signalling higher base
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Total market turnover value in May was +70% y-o-y, while SDAV reached S$2.4bn - the highest since pre-GFC, based on our records. FY26 year-to-date SDAV is S$1.8bn vs. our earlier forecast of S$1.6bn.
- - Read this at SGinvestors.io -
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Safe haven flows, market reforms, and corporate restructuring & value unlocking are a self-reinforcing trifecta that should accelerate market average daily volume (ADV) further, in our view. We upgrade FY26-28E ADV by 10-18% to > S$2bn.
Derivatives engine firing strongly
- Read more at SGinvestors.io.
Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.
Thilan Wickramasinghe Maybank Research | https://www.maybanktrade.com.sg/ 2026-06-12
Previous report by Maybank:
2026-02-05 Singapore Exchange - Rising Momentum; Positive Factors Positioned For Stronger 2H26 Delivery.
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 Dividend Payout Dates & Corporate Actions,
SGX News















