It’s time to overhaul the Singapore stock market
A sustainable and effective way, more than a quick shot in the arm, is needed to revive struggling equities exchange
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SINGAPORE’S equities market is clearly facing significant challenges.
Last year marked the worst year for listings since the Singapore Exchange (SGX) opened its doors in 1999. It had just six initial public offerings (IPOs) in 2023, down from 11 in 2022. Funds raised came up to S$47.2 million, a whopping 92 per cent decline from the year before.
This is part of a longer trend. As at July 2024, the total market capitalisation of companies listed on the Singapore bourse was S$815.2 billion, down from S$1.1 trillion in December 2017.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
