SINGAPORE (Dec 10): Total securities market turnover has rallied some 22% on a m-o-m and y-o-y basis to $26.4 billion, according to the latest monthly market statistics released by the Singapore Exchange (SGX).
In cash equities, securities daily average value (SDAV) rose 22% y-o-y to $1.26 billion, which also translated into a 28% increase on a m-o-m basis. This was due to continued investor focus on growth data points amid ongoing global trade discussions and the unchanged global interest rates outlook.
On a foreign exchange (FX) front, volatility trended at an all-time low. SGX USD/CNH futures volume jump 38% y-o-y to 796,395 contracts on the back of increasing participation in Singapore markets amid ongoing US-China trade discussions.
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