Singapore's securities daily average value (SDAV) was up 6% y-o-y to $2.1 billion in April, led by growing trading interest of small and mid caps, which was up 8% y-o-y to mark the highest proportion of cash equities turnover since July 2021, says the Singapore Exchange in its monthly market statistical update.
Retail investors remain thick in the action, driving a 20% month-on-month increase in turnover. Institutional investors are too jumping into small mid caps, with net-purchase for a fourth consecutive month, adding $158 million to take the 12-month tally to $700 million.
Other asset classes did well too.
In April, AUM across exchange-traded funds crossed $20 billion at the end of April, up 5% m-o-m and up 45% y-o-y.
For one, the SPDR Straits Times Index ETF crossed $3 billion in AUM on the back of $79 million in monthly inflows, positioning it as Singapore’s biggest equity ETF, while gold ETFs recorded a 23rd consecutive month of gains with April inflows of $174 million.
Meanwhile, capital-raising activity accelerates, with not just a new listing but also three Catalist companies Aspial Lifestyle, Choo Chiang Holdings and MoneyMax Financial Services announcing transfers to the Mainboard.
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Secondary placements raised $1.75 billion, doubling the year-to-date tally to $3.13 billion.
SGX shares closed at $21.58, up 2.27% for the day, and up 26.57% year to date.
