SGX daily average value of securities traded in August up 0.3% from July but down 5% year-on-year

The total market capitalisation value of the 745 companies listed on the SGX stood at $970.24 billion at the end of August.
The total market capitalisation value of the 745 companies listed on the SGX stood at $970.24 billion at the end of August.PHOTO: ST FILE

SINGAPORE - The daily average value of securities traded on the Singapore Exchange (SGX) in August stood at $1.12 billion, up 0.3 per cent from July's figure, but down 5 per cent from August 2017.

Total securities market turnover stood at $23.5 billion over August's 21 trading days, down 4 per cent from July and 9 per cent from August 2017. There were 22 trading days in both July 2018 and August 2017.

Stock trading accounts for most of the traded value on the SGX, while structured warrants and Daily Leveraged Certificates (DLCs) make up a smaller portion.

Market turnover value of Exchange Traded Funds (ETFs) was $379 million in August, up by just over two times from July and increasing 72 per cent from August 2017. Last month also saw the listing of Nikko AM SGD Investment Grade Corporate Bond ETF on the SGX.

Market turnover value of structured warrants and DLCs was $1.82 billion in August, down 22 per cent from July, but up 9 per cent from the year ago value. DLCs were launched on the Singapore bourse in July 2017.

The total market capitalisation value of the 745 companies listed on the SGX stood at $970.24 billion at the end of August.

In August, there was one new listing on the SGX, that of homegrown Synagie Corporation, which listed on the Catalist board on Aug 8. Synagie, which provides e-commerce solutions for businesses in the body, beauty and baby sector, raised $11.6 million during its initial public offering.

There were 94 new bond listings in August, raising some $32.36 billion in August.

Total derivatives volume was 18.79 million, up 11 per cent from July and up 18 per cent from August 2017.