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Trading of shares in SGX down 9.2% on-month in April

The number of shares traded in the Singapore Exchange (SGX) fell 9.2 per cent in April from a month earlier.

SINGAPORE: The number of shares traded in the Singapore Exchange (SGX) fell 9.2 per cent in April from a month earlier.

According to latest SGX data, total market turnover fell to 44.6 billion shares in April compared to 49.1 billion in March.

The decline in total market turnover is a much steeper 32 per cent when compared to a year earlier.

Total traded value in April fell 17 per cent from a year earlier to $25.8 billion but was up eight per cent from March.

Meanwhile, daily average value traded fell 13 per cent year-on-year to $1.2 billion but grew eight per cent month-on-month.

SGX's market capitalisation, however, rose 3.6 per cent on-month to $994.1 billion in April.

This was due to the two initial public offerings (IPO) in the month raising a total of $443 million.

The two IPOS that made their debut in April are PACC Offshore Services Holdings and QT Vascular.

In the derivatives market, total volume was 8.5 million contracts in April, down 13 per cent year-on-year and 10 per cent lower from March.

Meanwhile, total open interest rose 3.3 per cent on-year to 3.3 million contracts as at end-April.

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