SINGAPORE (May 11): Total securities market turnover value on Singapore Exchange (SGX) has surged by a third in April, on growing optimism shown by stock market investors worldwide.

After the "intense volatility in the first quarter", total securities market turnover value on SGX rose 35% year-on-year (y-o-y) in April to $29.6 billion.

During the month, securities daily average value (SDAV) climbed by 35% y-o-y to $1.41 billion. 

In our most recent print issue, The Edge Singapore reported that local brokerages enjoyed a surge in new account openings.

See: Brokerages see surge in account openings as new investors take advantage of 'market reset'

Besides equities, other major asset classes enjoyed higher trading volumes too. The market turnover value of exchange-traded funds (ETF), for one, increased 140% y-o-y to $469 million on the back of strong investment interest and capital inflow to Asia.

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