- Total securities market turnover in May 2024 was S$26.68 billion.
- This represents a 4.8% increase compared to the previous month.
- Derivatives volume for May 2024 stood at 23.95 million contracts.
- Derivatives volume experienced a slight decrease of 0.7% month-over-month.
- Derivatives daily average volume was 1.14 million contracts in May 2024.
- This daily average volume saw a 3.8% decline from the previous month.
- Analysts’ recommendations include 4 buys, 7 holds, and 2 sells.
A look at SGX Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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
Based on the Smartkarma Smart Scores for SGX, the long-term outlook for the Singapore Exchange Limited appears promising. With a solid score in Growth and Resilience, SGX is positioned to experience steady expansion and navigate challenges effectively. A respectable score in Dividend indicates a stable payout for investors, enhancing the stock’s attractiveness. Despite having average scores in Value and Momentum, the overall outlook remains positive for SGX as it continues to play a vital role in Singapore’s financial sector.
Singapore Exchange Limited, as the operator of Singapore’s main securities and derivatives exchange, along with providing supporting services to the financial sector, stands as a crucial player in the local market. With a focus on growth, resilience, and dividends, SGX maintains a steady position to deliver value to investors and participants in the financial industry over the long term.
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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