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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Broker's take: DBS downgrades SingPost to 'fully valued', lowers FY21/22 forecastDBS Group Research has downgraded Singapore Post (SingPost) to 'fully valued' from 'hold', with a revised target price of S$0.64 from S$0.85 previously. Read more at The Business Times.
Read more »
Khashoggi's fiancee insists moral values must come first in Newcastle takeoverLONDON: Newcastle United and the Premier League should put moral values ahead of the financial rewards from a proposed £300 million (US$372 ...
Read more »
Tesla China sold 3,635 Model 3 vehicles in April, down 64% vs MarchU.S. electric vehicle maker Tesla sold 3,635 Shanghai-made Model 3 vehicles in China in April, down 64per cent from March, according to the China ...
Read more »
Tesla China sold 3,635 Model 3 vehicles in April, down 64per cent vs March: CPCAU.S. electric vehicle maker Tesla Inc sold 3,635 Shanghai-made Model 3 vehicles in China in April, down 64per cent from March, according to the ...
Read more »
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.
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.
Read more »