Securities trading down 25% to $23.9b in March

SECURITIES trading on Singapore Exchange (SGX) extended its decline, falling 25 per cent from a year earlier to $23.9 billion in March, after a 35 per cent decrease the previous month.

Daily average value of trading fell 29 per cent from a year ago to $1.1 billion. This decline was steeper than that in total traded value as March 2014 had one more trading day than a year earlier.

Compared with February, securities' traded value was 14 per cent higher in March while daily traded value was up 9 per cent. This was because March had one more trading day than February - March had 21 days of trading, whereas February had 20.