, Singapore

SGX stock trading volume tumbled for the 13th straight month in October

Average stock trading value dipped 7%.

The SGX failed to halt the steady decline in its securities trading volume in October. SGX securities average daily value was lower 7% year-on-year this month, representing the 13th straight month of declines.

Total traded value in October increased 4% month-on-month to S$21.7 billion, as compared to September, despite fewer trading days in the month (21 days) versus September (22 days).

October saw 3 new listings on Mainboard and Catalist which raised about S$ 85 million. In addition, a total of 56 bond listings raised more than S$20 billion in October, compared with 48 listings raising $16.5 billion a year earlier.

Outstanding bonds listed on SGX increased almost 3% to 1,854 for month-on-month and up 19% year-on-year.

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