Market turnover value of ETFs more than doubles to $469m in April: SGX

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

SINGAPORE (THE BUSINESS TIMES) - The market turnover value of exchange-traded funds (ETFs) on the Singapore bourse surged to $469 million last month, up 140 per cent from the year-ago period, on the back of strong investment interest and capital inflow to Asia.. Read more at straitstimes.com.

SINGAPORE - The market turnover value of exchange-traded funds on the Singapore bourse surged to $469 million last month, up 140 per cent from the year-ago period, on the back of strong investment interest and capital inflow to Asia.

The traded volume of equity index futures on the SGX fell 25 per cent from a year ago to 12.3 million contracts in April."The anticipated gradual reopening of the Chinese economy and optimism for more economic stimulus eased portfolio-hedging activity," the bourse operator said. Last month, China became the first major economy to exit its coronavirus lockdown, even as it announced a contraction in its gross domestic product for the first quarter of the year.

Volume traded for SGX's USD/CNH futures rose 14 per cent to 679,239 contracts, while month-end open interest jumped 57 per cent on the year to a notional U$6.27 billion."Market participants noted an uptick in geopolitical tensions between China and the US, which in January signed what was billed as the first phase of a broader trade deal," the bourse operator said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Over 8,500 business entities close shop in April; highest in recent yearsA TOTAL of 8,663 business entities closed in April - more than double the number of cessations in March, as the novel coronavirus pandemic continues to bite. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

32 companies return Jobs Support Scheme payouts in April totalling S$35 millionSOME businesses in Singapore have decided to either return or donate the government payouts received from the Jobs Support Scheme (JSS), as a form of solidarity with the local community amid the Covid-19 outbreak. Read more at The Business Times. Let's honour these companies by having all their names published with permission on sph papers and websites.
Source: BusinessTimes - 🏆 15. / 51 Read more »