Singapore Exchange (SGX) trading activity remained robust compared to the year‐ago doldrums, but June numbers suggest a recent slow down in momentum.

Total traded securities volume in June was 48 billion shares, up 84 per cent year‐on‐year, according to data from SGX. The value of those shares also rose, by 52 per cent, to $32.2 billion. The daily traded average for the month was 2.4 billion shares, up 94 per cent year‐on‐year, and worth $1.6 billion, up 59 per cent.

For the quarter ended June, a total of 169.8 billion shares changed hands, up by 30.4 per cent year‐on‐year. Those shares were worth $99.9 billion, up by 42 per cent.

Against the January‐to‐March quarter, however, the June quarter saw volumes drop 44 per cent, although total value slipped just 3 per cent. June also reflected a sharp slowdown from May, with volume falling 23 per cent to 48 billion shares and turnover falling 14 per cent to $32.2 billion.

The quarter‐on‐quarter slowdown reflected volatility that hit in June amid comments by US central bankers about possible tapering of the Federal Reserve's asset‐purchase programmes as early as this year.
Concerns about the balance sheets of banks in China have also triggered recent market swings.

Turnover velocity, a measure of market liquidity that roughly reflects how often each share is traded, slipped to 52 per cent for the financial year, from 53 per cent the previous year. SGX's derivatives market continued to grow. Total futures and options trading volume in June rose 64 per cent year‐on‐year to 10.7 million contracts, or about 556,728 contracts per day, bringing the fiscal year's total to 100.6 million contracts, or about 412,558 contracts per day.

Source: AmFraser