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SGX Group sees diversification as key driver of resilience

Singapore Exchange CEO Loh Boon Chye believes the group is well positioned to capture growth amid changing market conditions

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Raphael Lim

Raphael Lim

Published Mon, Apr 24, 2023 · 05:50 AM
    • SGX Group CEO Loh Boon Chye believes the overall business will be much stronger when markets turn more conducive.
    • SGX Group CEO Loh Boon Chye believes the overall business will be much stronger when markets turn more conducive. PHOTO: SGX GROUP

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    DESPITE volatile market conditions for equities and a slowdown in capital raising globally, the Singapore Exchange (SGX Group) delivered a robust performance in its fiscal first half.

    At the heart of this resilience is a well-diversified business model, said the bourse’s chief executive Loh Boon Chye.

    While SGX Group’s cash equities segment saw weaker revenue as higher interest rates impacted trading volumes, its derivatives business was an outperformer.

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