SGX needs to engage brokers in bid to revive market
THE Singapore Exchange (SGX) must be applauded for trying to revive a somewhat moribund equity market.
Cutting board-lots, boosting minimum trading price for mainboard stocks, providing value-added products such as SGX Stockfacts and even adding market makers/liquidity providers will go some way towards shoring up a market where liquidity is at a multi-year low, interest is sagging, commissions are suffering and brokers are either looking for other sources of income or simply moving on.
The SGX's own figures tell a dismal story.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Starbucks points to weaker consumer as profit falls
Trump social media firm's rising shares pressure short-sellers: S3
Oil eases on higher US crude output, hopes of Israel-Hamas ceasefire
Europe: Stoxx ends lower as auto giants weigh; investors parse inflation data
US: Wall Street stocks fall as markets weigh strong wage data, Fed meeting
Carnival’s Princess brand revises 2025 world cruise routes amid Red Sea tensions