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July stock trading falls, but commodities surge: SGX

Total value of securities traded in July amounted to S$21 billion, a 24 per cent drop from a year ago, according to the Singapore Exchange.

SINGAPORE: Singapore Exchange (SGX) reported lower securities trading values in July compared to a year ago, but commodity volumes doubled.

SGX said on Tuesday (Aug 5) the total value of securities traded in July amounted to S$21 billion, which is down 24 per cent from a year earlier, but up 2 per cent month-on-month. The daily average value of stocks traded fell 20 per cent to S$954 million in July from a year ago and was also 2 per cent lower compared to June, it added.

Total derivatives volume was unchanged at 8.9 million contracts in July compared to a year earlier, but was up 3 per cent month-on-month, according to SGX.

Commodities was the bright spot, with volumes totalling 211,537 contracts - double that of a year earlier. Asiaclear futures and iron ore derivatives volume tripled from a year earlier, while SGX rubber futures rose 20 per cent.

Stock trading volumes on SGX have fallen sharply since a penny stock scandal late last year wiped out billions of dollars in value from three stocks in less than a week, following a huge run-up in their share prices.

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