However, local trading activity has increased over the last few months. In May, market volume reached its highest in a year. The bellwether Straits Times Index (STI) gained 1.3% despite many blue chips having gone ex-dividend. Singapore Exchange (SGX:S68
) ’s (SGX) derivatives trading, its reliable earnings generator, did well as usual. Not to be outdone, May’s SDAV (securities daily average volume) improved again to increase 21.8% y-o-y to reach $1.27 billion, up from $1.212 billion in April.
With IPO markets at a standstill, venture capitalists have joined the call for something significant to be done for the Singapore stock market. Different players in the market ecosystem weigh in
For years, the Singapore market has endured descriptions ranging from “listless” to “boring” to “undervalued”. This starkly contrasts with some other regional exchanges, which have gained momentum and grown faster than the local bourse.
