SGX to post soft securities numbers for Q2: OCBC
Investors likely to continue to focus on developed markets, says bank's analyst
Add BT as a preferred sourceTHE market's focus on small stocks during the fourth quarter of 2013 dragged trading values lower on Singapore Exchange (SGX) despite a surge in volumes, according to the latest data by the market operator.
But overall quarterly numbers, which SGX will report on Jan 22, should get some help from the growing derivatives business, OCBC Investment Research head Carmen Lee said.
The number of shares traded on SGX rose 10.9 per cent year on year in December to 54.1 billion shares, but the value of those shares fell 15.6 per cent over the same period to $20 billion. On average, daily volume was up 5.6 per cent at 2.6 billion shares, but daily value was down 19.7 per cent at $951 million.
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