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ETF trading to boost SGX's volume following weak July, August SADV

Samantha Chiew
Samantha Chiew9/4/2018 12:00 PM GMT+08  • 2 min read
ETF trading to boost SGX's volume following weak July, August SADV
SINGAPORE (Sept 4): RHB is maintaining its “buy” call on Singapore Exchange (SGX) with a lowered target price of $8.40.
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SINGAPORE (Sept 4): RHB is maintaining its “buy” call on Singapore Exchange (SGX) with a lowered target price of $8.40.

SGX recorded weak securities average daily value (SADV) in July and August this year of $1.09 billion, compared to $1.26 billion in FY18.

In a Tuesday report, analyst Leng Seng Choon says, “We believe global developments such as further hikes in the US Federal funds rate (FFR) and concerns about the trade war could lead to more switching of stocks within equity portfolios and drive trading volumes.”

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