Securities volume in SGX down in H1 FY23: analyst

It grew year-on-year in December 2022.

The Singapore Exchange securities volume went down year-on-year for the first half of financial year 2023, RHB said.

In a brokerage report, its stock market performed well last year but declined 1.2% in December.

SGX’s total securities market turnover value was underwhelming at $19.6b and the Securities Daily Average Value (SDAV) was $0.94b.

SDAV for 2QFY23 retained YoY, and it was down 7% YoY in 1HFY23.

The forecasted annual SDAV for FY23, based on the first half of data, is 1.6% lower than their estimate, said RHB.

“Singapore Exchange saw the listing of LMS Compliance on its Catalist board. There is a potential for weakness in SGX to continue,” the broker also pointed out.

Follow the link for more news on

SGX

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia