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SGX securities market turnover up 2% to $19.7 bil in September

Uma Devi
Uma Devi10/11/2019 03:32 PM GMT+08  • 2 min read
SGX securities market turnover up 2% to $19.7 bil in September
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SINGAPORE (Oct 11): The month of September saw total securities market turnover inch up 2% to $19.7 billion, according to the Singapore Exchange (SGX) monthly release of market statistics.

In cash equities, securities daily average value (SDAV) in the Singapore equities market was down 3% y-o-y at $940 million. This was due primarily to declines in most Southeast Asian markets, despite the benchmark Straits Times Index registering a 0.5% increase in total returns.

According to the exchange, macroeconomic events such as interest rates cuts by the US Federal Reserve and Brexit were noted to have fanned concerns over global growth, resulting in slower equity market activity for the month.

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