This growth came on the back of a more active cash equity market, due to portfolio repositioning after the release of half-year financial results, buoyant US technology stocks and hopes for a viable Covid-19 vaccine.
Singapore Exchange (SGX) announced in its monthly market statistics that its total securities market turnover increased by 18% y-o-y to $28.1 billion for August, while securities daily average value (SDAV) was also 18% higher y-o-y at $1.4 billion.
On a m-o-m, basis, total securities market turnover was 9.7% higher, while SDAV was 15.4% higher. In August, there were 21 trading days, as compared to 20 in July.
