Lack of big-name IPOs, penny stock crash hurt SGX
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results