SGX sees pick-up in market activity, posts flat Q2 profit
[SINGAPORE] Singapore Exchange Ltd (SGX) said it expects increased market activity and more listings after reporting a flat net profit for October-December.
"On the derivatives front, efforts to grow our client base contributed to higher equity futures trading, record volumes in key foreign exchange futures contracts and a stronger virtual steel mill chain," CEO Loh Boon Chye said in a statement.
SGX, a global listing hub for business trusts and real estate investment trusts, has been considering introducing dual class shares listings. However, it is yet to take a decision nearly a year after a key Singapore advisory panel recommended the move.
SGX's second-quarter net profit came in at S$88.4 million, flat from a year ago. Revenue edged up 2.7 per cent to S$205 million, supported by an 11.2 per cent rise in derivatives revenue.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cordlife substantial shareholder Nanjing Xinjiekou still mulling over offer to buy over remaining shares
Nvidia agrees to acquire Israeli AI software provider Run:ai
HSBC says growing Chinese wealth fuels client investments in US
Unilever's India quarterly profit disappoints
US: Wall St opens higher on tech boost, upbeat earnings
GM CEO Barra compensation fell 4% in 2023 to US$27.8 million