SGX off to strong start with surge in January trading value
Total securities trading value of S$25.3b, up 17% from Dec and 12% year-on-year; launch soon for SGX MSCI Malaysia Index Futures
Singapore
JANUARY turned out to be a promising start in the new year for the Singapore Exchange (SGX), with total trading value for securities hitting S$25.3 billion, up 17 per cent from the previous month and 12 per cent year-on-year. Last month's average daily traded value stood at S$1.2 billion, up 22 per cent month-on-month and 12 per cent year-on-year.
The surge came amid a trading boost from the Keppel Corporation bid to take its property subsidiary Keppel Land private, and also coincided with the introduction on Jan 19 of the 100-share board lot. The latter saw early indications of increased retail participation in Straits Times Index stocks, said SGX.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Parkway Life Reit Q1 DPU up 4% to S$0.0379
Japfa posts US$12.4 million Q1 profit, reversing from year-ago loss of US$43 million
PayPal lifts 2024 profit forecast as spending stays resilient, margins improve
Walmart to shut all health centers in US over lack of profitability
Japan may have spent 5.5 trillion yen on Apr 29 intervention, BOJ data suggests
3M to cut dividend on health-care spin, losing aristocrat status