SGX Q3 net profit jumps 38% to 13-year high on higher volatility

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.