- Total securities market turnover for August 2024 was S$28.76 billion, marking an increase of 8.4% month-over-month.
- The volume of derivatives traded reached 24.59 million, growing by 4.6% month-over-month.
- The daily average volume of derivatives traded was 1.13 million, representing an 8.5% increase month-over-month.
- Elevated market volatility has driven heightened trading activity in equity derivatives.
- A record-high volume of FX futures was observed.
- On SGX Commodities, the total derivatives traded volume rose by 20% year-over-year in August to 6.1 million contracts.
- Growth was seen across key contracts, including iron ore, petrochemicals, and SICOM rubber.
- Analysts provided 4 buy ratings, 6 hold ratings, and 2 sell ratings.
A look at SGX Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts utilising the Smartkarma Smart Scores have indicated a positive long-term outlook for SGX, the Singapore Exchange Limited. With solid scores across various key factors, SGX is positioned well for the future. The company has received favorable scores in Growth and Resilience, indicating strong potential for expansion and the ability to withstand market uncertainties. Momentum, another significant factor, has been rated the highest, suggesting a positive trend in the company’s performance and market sentiment.
Furthermore, SGX‘s scores for Value and Dividend, though not the highest, still show stability and promise. The company’s core business of owning and operating securities and derivatives exchanges, along with providing related financial services, aligns with these scores. Overall, SGX‘s Smart Scores paint a picture of a company with good growth prospects, financial stability, and positive market momentum, making it a noteworthy player to watch in the investment landscape.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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