SINGAPORE (Oct 26): Analysts are bullish on Singapore Exchange (SGX) after the bourse started its new fiscal year on a strong note.
SGX reported earnings of $90.7 million for the 1Q18 ended September, 9% higher than a year ago, on the back of a 7% increase in revenue to $204.5 million.
Securities daily average traded value (SDAV) for July-Sept period increased 18% to $1.16 billion, with total traded value rising 18% to $73.2 billion. This included equities where traded value increased 14% to $67.5 billion.
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