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SGX daily share trading down by modest 0.2% in March

Monday, April 6, 2015 - 18:04
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Stratech Systems Limited said that following the scheme of arrangement that became effective on April 1, shareholders will be accredited new shares in the share capital of Stratech Group Limited before 9am on Monday.

Daily share trading activity on the Singapore Exchange (SGX) eased in March from year-ago levels, while derivatives trading continued to grow.

The securities daily average value (SDAV) slipped by 0.2 per cent year-on-year to S$1.1 billion in March, according to data by SGX. The average traded volume of securities experienced a sharper fall, by 38.4 per cent, to 1.4 billion shares.

Turnover velocity, a measurement that is closely tracked by SGX and that reflects how often a share is traded on average, fell to 37 per cent from 40 per cent a year earlier.

The derivatives market had more excitement. Average daily trading volume in derivatives grew 46.2 per cent year-on-year in March to 678,126 contracts. A total of 3.3 million open-interest positions were left overnight in March, a 5 per cent year-on-year improvement.

The FTSE China A50 Index futures were a key contributor to growth, with March's 7 million traded contracts more than double the year-ago 2.5 million volume.

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