SGX's shares surge to 5-year high on speculation of China link

Singapore

SINGAPORE Exchange (SGX) shares have been in hot play over the past few days, a S$0.23 or 2.7 per cent jump on Tuesday on volume of 11 million taking them to a five-year high of S$8.63. They are up 10.5 per cent for the year versus the Straits Times Index's gain of 4.6 per cent.

Since closing at S$7.91 on Wednesday last week, SGX has risen S$0.72 or 9 per cent in four trading days, raising questions among many observers as to why the exchange has not been queried by its regulator, the Monetary Authority of Singapore.