SGX securities trading tumbles 35% in February

SECURITIES trading on Singapore Exchange (SGX) extended its downtrend, falling 35 per cent from a year ago to $20.9 billion in February, amid uncertainties in global markets and the regulators' raft of tougher measures on stock trading.

Daily average value of trading fell 41 per cent to $1 billion from $1.8 billion a year ago. The fall in the daily average traded value was steeper than the decline in total traded value due to more trading days in February 2014 compared to a year earlier.

Compared with January, securities trading fell 7 per cent in February while daily average value was 2 per cent lower. February 2014 had 20 trading days compared with 21 days in the previous month.