SGX down 7.4% on Nifty futures doubts; brokers maintain ratings

Singapore

ANALYSTS kept their ratings on Singapore Exchange (SGX) unchanged on Monday as the stock fell 7.4 per cent amid doubts about the future of the market operator's Indian equity index-linked derivatives.

SGX stock lost 58 Singapore cents to S$7.31 on Monday. Some 19.5 million shares changed hands, making it one of the most active counters on the Singapore bourse.

This came on the back of India's announcement that its national stock exchanges will stop providing data feeds to foreign rivals, and eventually halt the trading of offshore derivatives ti…