Stock Exchange: Reduced Brokerage Fees On The "Turnaround Trade"

This drop in prices should encourage more transactions day-to-day on the stock market, increase the overall volume of transactions and help bring more liquidity to the market in general. Brokerage fees for turnaround trade fell by 88%, from 1.25% to 0.15%. This decline in interest rates should brokers and investors especially as the current environment is conducive to trade turnaround because some values are highly volatile. Concerning the exchange of bonds, rates also fell by 83%, from 0.60% to 0.10%.

Since 2010, the SEM has shifted mode a scholarship Equity centric , diverse number of listed products, is engaged in a process of internationalization and is open to the offshore sector. " The success of financial markets such as Singapore depends largely on their ability to build relationships with the global business sector , "said Sunil Benimadhu, Chief Executive of the SEM.

Diversification of SEM

These sweeping changes to the framework and stock exchange operations began to bear fruit because since 2010, there were 28 new listings on the stock exchange and over Rs 30 billion raised on the official market and the secondary market.

If there is an indicator that can testify to the good performance of the stock market, the market capitalization to GDP ratio, which is around 80% now, is the highest in sub-Saharan Africa. Which demonstrates the relevance of the stock market in the local economy, says Sunil Benimadhu, because in countries like Nigeria, this ratio is only 40%: "  Ultimately, if we continue our successful strategy internalization, market capitalization could even exceed the GDP. "