February has seen some heavy volume in the local market, as the Trump rally continues pushing markets to new highs. Securities daily average value (SDAV) in February was 1.409 billion, as reported by SGX. SGX provides monthly information on market statistics and weekly institutional and retail fund flows.
SDAV
($ Million)
February's SDAV of 1.4 billion was 27% above the monthly SDAV of 1.1 billion for 2016, which is a positive development for the market. February's SDAV was the highest in the past six months, even higher than the 1.3 billion in November 2016, when the Trump rally began after the presidential elections. There is evidence that market sentiment is improving, as financial stocks have rallied on expectations for rising interest rates. The offshore and marine sector, which has been hit hard...
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I'm currently an undergraduate studying accountancy in one of the local universities. My ideal career would be either in private equity or venture capital, as the analytical process involved greatly interests me. I believe in working hard, while concurrently putting our money to work. I currently have a low five-figures portfolio, accumulated from working part-time jobs, my National Service allowance and my savings.
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