SGX’s 26-Nov Closing Routine Attracted S$1.4 billion in Turnover
Daily Closing Routines of the Singapore stock market will typically account for approximately 10% of daily turnover on a day-to-day basis. When Mapletree Commercial Trust joined the STI effective the Sept 20 close, with multiple additions to the FTSE EPRA/NAREIT Global Developed Index also effective, the Sept 20 Closing Routine drew 8 times the turnover it had seen in the preceding sessions of Sept. Similarly, turnover in the Nov 26 Closing Routine surged more than tenfold what the Closing Routine had averaged in the preceding 17 sessions of Nov.