1st August 2011 marked the first full day trading for counters on the Singapore Exchange - SGX. The US debt deal lifted markets across Asia and thus SGX is no exception; it rose 26 points (0.82%) to end at 3215.27. Top volume counter was clinched by Genting, which closed 4 cents higher at $1.94, with a volume of 95,528 lots traded. There was even a transaction at 13:29:27 with 2000+ lots traded.
So I guess the 'full day trading' became a non-event, i.e. no particular news about the effect of full day trading on SGX. Perhaps the actual effects will be seen in a month or two, when dealers / remisiers have enough comments to give a proper full account of this new change. Trading volume seemed alright on 1st August, but hard to say if the volume an effect of US debt deal, or because of the full day trading.
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