SINGAPORE - The average daily value of stocks traded on the Singapore Exchange rose 8 per cent in October compared with the previous month, but was still 7 per cent lower compared with a year ago.

Total traded value in October increased 4 per cent month-on-month to $21.7 billion, even though there were fewer trading days. The skittish market in October probably boosted trading values.

Three IPOs joined the market in October, raising about $85 million including interior design and furniture firm Serrano and medical eye-care services provider ISEC Healthcare.

The bond market continued to thrive, with a total of 56 bond listings raising more than $20 billion in October, compared with 48 listings raising $16.5 billion a year earlier. Outstanding bonds listed on SGX increased almost 3 per cent to 1,854 for month-on-month and up 19 per cent year-on-year.

For the derivatives market, average daily traded volume was 7 per cent higher compared with September and 32 per cent higher than a year ago.