Securities' daily average grew 28% to $1.26b in November

Trading turnovers rose for the tech and REIT sectors.

Securities’ daily average value on Singapore Exchange (SGX) climbed 28% MoM in November to $1.26b, revealed a statistics report by SGX.

Meanwhile, total securities market turnover YoY increased to $26.4b, a 22% rise. 

Trading turnover continued to strengthen in technology-related stocks and the Real Estate Investment Trust (REIT) sector. Index placement and secondary fundraising activity for the REIT sector continued to rise, with the sector being a key beneficiary of the lower interest rates in 2019.

Industrial stocks, spanning capital goods and services, also saw increased trading turnover over the month, at the same time recording the most net institutional inflows, compared to other sectors for November at $112m.

Secondary funds that were raised this month, on the other hand, doubled YoY, compared to November 2018. Total YTD secondary fundraising reached $7.2b, surpassing last year’s total by 16.2%.

Activity in SGX’s broad equity derivatives markets remained muted this month, owing to the lower overall volatility, total equity-index futures traded volume on SGX rose 7% MoM to 13.1 million contracts in November and down 13% YoY.

FTSE China A50 Index Futures and MSCI Singapore Index Futures climbed 12% and 5% MoM respectively.