Channel NewsAsia

SGX securities and derivatives trading volumes plunge in January

The value of stocks traded on the Singapore Exchange (SGX) plunged 44 per cent in January from a year ago amid the turbulence that affected most regional stock markets.

SINGAPORE: The value of stocks traded on the Singapore Exchange (SGX) plunged 44 per cent in January from a year ago amid the turbulence that affected most regional stock markets.

In a statement, SGX said the total value of securities traded fell to S$22.5 billion last month from S$40.1 billion in January 2013.

The average daily value of stocks traded on SGX dropped around 40 per cent to S$1.1 billion from S$1.8 billion.

Derivatives volume declined seven per cent on-year to 8.8 million contracts last month, but over-the-counter (OTC) transactions cleared on SGX's AsiaClear system rose six per cent to S$6.9 billion.

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