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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

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    • It may not be viable for Singapore to develop a stock market that tries to be the Asian rival of Nasdaq.
    • It may not be viable for Singapore to develop a stock market that tries to be the Asian rival of Nasdaq. PHOTO: BT FILE
    Stefanie Yuen Thio

    Stefanie Yuen Thio

    Published Tue, Sep 10, 2024 · 05:00 AM

    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.

    SGX

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