Following the recent article, more Singaporeans turning into investors, there were a record number of new accounts opened in past 12 months. While the number of user have gone up, total stock market turnover for first 6 months actually dropped dramatically by 34% to $136 bil. It seems strange that while there are more investors, total value of trades actually reduced instead of going up. Average daily turnover was down by 40% to under $1 bil from a year ago. One factor could be the world cup effect, where more punters are now focused on the soccer fever instead of watching the stock market. Another factor could be that many of these new account openings are young people who want to start trading but do not know where to start. Singapore Stock Market Risks The recent penny stock saga of Blumont, Liongold, Asiasons could have left a bad ......