Activity in the Singapore market improved in January, from the traditionally slow December holiday season but was quieter than January 2010.
Total securities volume dropped 16 percent on-year to 38 billion shares but was higher than the 25.4 billion shares sold in December, according to data released by the Singapore Exchange (SGX).
Turnover value for securities trading shared the same trend. Last month, S$37.2 billion shares were traded, down 2.7 percent from last year but higher than the S$28.4 billion in December.
On average, S$1.77 billion shares were traded daily last month, a 7.3 percent drop from the average daily value of shares traded in January 2010.
For mainboard listings including shares, unit trusts and investment funds, the turnover velocity last month hit 63 percent, down from 82 percent in January 2010. Turnover velocity for Catalist listings also dropped to 65 percent from 163 percent in 2010.
Capped trades, or those with over S$1.5 million contract value, accounted for 41 percent of all trades last month, slightly lower than the 42 percent in December but higher than the 35 percent in 2010.
In the derivatives market, trading volume last month stood at approximately 5.1 million contracts, an increase of 2.3 percent over the same period last year.