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PR Newswire
07-07-2014, 08:44 AM
Jonathan Kwok
The Straits TimesSunday,
Jul 06, 2014
Securities turnover - including shares and products like exchange-traded funds (ETF) and warrants - fell 37 per cent from a year ago to $20.5 billion. The turnover was also down 12 per cent from May.
Market watchers are blaming the action in Brazil for keeping investors away from share trading.
"Before the World Cup season kicked off, it was already expected that the volumes will fall," said remisier Alvin Yong. "Some stock traders can't wait for the World Cup to be over so the attention can return to the market.
" The final is not until Sunday, July 13, so there are still plenty of days of lacklustre trading to get through, going by last month's numbers.
An average of $978 million worth of securities changed hands every day last month, down 40 per cent from a year ago and 16 per cent lower than in May, said the SGX yesterday.
ETF turnover was down 57 per cent from last year to $2.3 billion.
The derivatives market did better, with 8.6 million contracts traded last month, down 20 per cent from last year. The drop was of a lower percentage than the fall in securities trading.
The derivatives turnover also represented a 6 per cent increase from May.
Total open interest as at end of last month was about 3.2 million contracts, close to the same volume as the year before. The volume for equity index futures was 7.4 million contracts, down 24 per cent from last year but a 6 per cent increase from May.
Said SGX in a statement: "China A50 futures continued to attract strong support from international market participants with close to 2.3 million contracts traded, a 32 per cent increase year-on-year and up 15 per cent month-on-month."
"SGX CNX Nifty futures totalled 1.6 million contracts, which is a 6 per cent increase year-on-year but down 13 per cent month-on-month," it added.
Commodities turnover grew with overall volumes - including both over-the-counter trades and futures - hitting a record high of 268,840 contracts, which is a 226 per cent increase from last year.
This article was first published on July 4, 2014.
http://business.asiaone.com/news/trading...k-market-0
The Straits TimesSunday,
Jul 06, 2014
Securities turnover - including shares and products like exchange-traded funds (ETF) and warrants - fell 37 per cent from a year ago to $20.5 billion. The turnover was also down 12 per cent from May.
Market watchers are blaming the action in Brazil for keeping investors away from share trading.
"Before the World Cup season kicked off, it was already expected that the volumes will fall," said remisier Alvin Yong. "Some stock traders can't wait for the World Cup to be over so the attention can return to the market.
" The final is not until Sunday, July 13, so there are still plenty of days of lacklustre trading to get through, going by last month's numbers.
An average of $978 million worth of securities changed hands every day last month, down 40 per cent from a year ago and 16 per cent lower than in May, said the SGX yesterday.
ETF turnover was down 57 per cent from last year to $2.3 billion.
The derivatives market did better, with 8.6 million contracts traded last month, down 20 per cent from last year. The drop was of a lower percentage than the fall in securities trading.
The derivatives turnover also represented a 6 per cent increase from May.
Total open interest as at end of last month was about 3.2 million contracts, close to the same volume as the year before. The volume for equity index futures was 7.4 million contracts, down 24 per cent from last year but a 6 per cent increase from May.
Said SGX in a statement: "China A50 futures continued to attract strong support from international market participants with close to 2.3 million contracts traded, a 32 per cent increase year-on-year and up 15 per cent month-on-month."
"SGX CNX Nifty futures totalled 1.6 million contracts, which is a 6 per cent increase year-on-year but down 13 per cent month-on-month," it added.
Commodities turnover grew with overall volumes - including both over-the-counter trades and futures - hitting a record high of 268,840 contracts, which is a 226 per cent increase from last year.
This article was first published on July 4, 2014.
http://business.asiaone.com/news/trading...k-market-0
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