Lack of big-name IPOs, penny stock crash hurt SGX
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Singapore
A DEARTH of big-name share listings of overseas firms and a multi-billion-dollar penny-stock crash have hampered the growth ambitions of Singapore's stock exchange as Asian rivals flourish, analysts said.
Singapore Exchange Limited (SGX), the sole stock market operator in the city-state, on April 23 reported that net profits slumped 22.4 per cent year-on-year in March, as total securities trading volume fell 47 per cent in the same period.
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