SGX Q3 net profit jumps 38% to 13-year high on higher volatility
Trading activity up across its equity, currency and commodity asset classes
Add BT as a preferred source
Singapore
THE Singapore Exchange (SGX) on Friday reported a 38 per cent jump in its fiscal third quarter net profit to a 13-year high. Trading activity rose across its equity, currency and commodity asset classes, driven by uncertainty caused by the Covid-19 pandemic and the geo-political tensions in the global oil market.
"Accordingly, volatility has significantly increased, and there is higher demand for risk management solutions and activity in the cash equity markets as investors adjust their portfolios,'' SGX chief executive Loh Boon Chye said on a webcast with the media and analysts.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI
