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As global markets move towards a recovery, SGX reports 23% month-on drop in securities market

Lim Hui Jie
Lim Hui Jie8/11/2020 6:21 PM GMT+08  • 4 min read
As global markets move towards a recovery, SGX reports 23% month-on drop in securities market
SGX market activity down 23% from June, but 5% higher than a year ago as markets move towards a recovery.
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The Covid-19 virus is still the talk of every town, as markets are focused on the reopening of global economies amid the current lack of a cure or vaccine, as well as news on several other countries experiencing a second wave of infection.

According to Singapore Exchange (SGX) in its July market statistics report released on Aug 11, the cautious market has caused the equity market activity to remain higher than a year ago, but moderated from a strong June.

Equity index futures trading was more active as risk management remained in focus. Iron ore derivatives reflected optimism about China’s recovery and a broader Asian economic rebound from the pandemic.

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