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Analysts neutral on SGX after May's market statistics show m-o-m improvement

Felicia Tan
Felicia Tan • 5 min read
Analysts neutral on SGX after May's market statistics show m-o-m improvement
Analysts from RHB and UOB Kay Hian are keeping their "neutral" and "hold" call on SGX. Photo: Bloomberg
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Analysts are remaining neutral on Singapore Exchange (SGX) after the group released its market statistics for the month of May on June 10.

In May, SGX reported total securities market turnover of $28.59 billion over 19 trading days, down 5.55% y-o-y but up by 12.46% m-o-m.

Securities daily average value (SDAV) fell 6% y-o-y but rose 18% m-o-m to $1.51 billion.

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