Some bright spots amid SGX's Q1 profit fall
Weak securities business gives derivatives a chance to become the largest revenue contributor for the period
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Singapore
THE dim stock market dragged Singapore Exchange's (SGX) fiscal first quarter down by 16 per cent, but some bright spots could be found in the market operator's derivatives business and liquidity improvement measures.
Net profit for the period ended Sept 30 slid to S$78 million, or 7.3 Singapore cents per share. Three analysts polled by Bloomberg were expecting S$78.6 million in net profit.
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