SGX securities turnover value rises 51% in Nov; STI tops region

Benchmark index fuelled by banks' rally amid strong quarterly results

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The Singapore Exchange's (SGX) total securities market turnover value rose 51 per cent year on year to $30.2 billion in November, based on the bourse operator's monthly market statistics report released on Dec 9.

This represents a 12 per cent rise from October's $26.9 billion.

November's total market volume stood at 28.1 billion shares, up 12 per cent, compared with 25.2 billion shares in the same month in the previous year, but down 10.9 per cent month on month from October's 31.6 billion shares.

Notably, the securities daily average value rose to $1.4 billion, up 51 per cent year on year from $952 million, and 17.3 per cent month on month from $1.2 billion in October.

"Singapore was the most actively traded cash market in Asean and among the Asia-Pacific developed markets, with robust activity across all client segments in index stocks and real estate investment trusts (Reits) amid interest rate expectations and following the US elections," SGX said.

The benchmark Straits Times Index emerged as Asean's top performer.