Singapore Exchange (SGX)

Investors had larger appetites for Agriculture, F&B stocks in 2019

SINGAPORE (Jan 22): Global Agriculture, Food and Beverage (F&B) stocks saw marginal declines in 2019, with a 1% median decline in total return. Almost half of the Global Agriculture, F&B stocks are listed across Asia Pacific exchanges, with the significant regional proportion also generating a 1% median decline in total return.

Indonesia to become Southeast Asia's biggest stock market

(Jan 16): Indonesia, Southeast Asia’s largest economy, is finally poised to take the title of the biggest equity market in the region.

Its market value of US$529 billion ($712 billion) has nearly matched that of slumping Thailand, which snatched the top spot from Singapore in May, buoyed by a strengthening baht. With its currency giving back some gains and economic growth trailing forecasts, the SET Index is the region’s only benchmark to decline in the past three months.

Singapore yearns for Mainboard IPOs amid shifting funding landscape

SINGAPORE (Jan 10): Singapore’s IPO performance improved significantly in 2019 in terms of the to­tal funds raised. A total amount of $3.1 billion was raised during the year, which was more than fourfold the $730 mil­lion raised in 2018. However, other statistics are painting a worrying picture, which may suggest that Singapore’s attractiveness as a listing des­tination is staying muted.

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Singapore stocks tank as Iran launches missile attacks on US bases in Iraq

SINGAPORE (Jan 8): The Singapore Exchange (SGX) saw a sea of red on Wednesday morning, as investors woke to news that Iran had fired a series of missiles at two US-Iraqi airbases.

The attacks are believed to be in retaliation for the killing of Iranian General Qassem Soleimani by American forces last week.

The Straits Times Index (STI) opened 36.58 points lower, or down 1.12%, on Wednesday.

The benchmark index continue to fall to as low as 3,193.31 points – some 1.68% lower than the previous close of 3,247.86 points on Tuesday – before paring some of the losses.

Slower derivatives volume could drag SGX's 2Q results, says RHB

SINGAPORE (Jan 2): The Singapore Exchange’s derivatives segment could “disappoint” at its upcoming 2QFY20 results, according to RHB Securities.

This is because the bourse operator had recorded a 15% y-o-y drop in derivatives volume in October and November last year.

This is despite the 2QFY20 securities average daily value (SADV) was up a “respectable” 9% y-o-y, says RHB.

SGX is slated to release its results after market closes on Jan 23.

Hong Kong-listed Far East Consortium said to eye US$400 mil Singapore listing: reports

SINGAPORE (Nov 28): Far East Consortium International, a property development and hospitality group listed on the Hong Kong Stock Exchange (HKEX), is said to be eyeing a listing of its overseas hospitality assets on the Singapore Exchange (SGX), according to various news sources.

The conglomerate holds a strategic investment in Dorsett Hospitality International, which owns and manages hotels across Europe, Asia and Australia. In Singapore, the group runs the Dorsett Singapore hotel, located just outside of the central business district.

SGX enhances securities borrowing and lending programme, introduces variable rates

SINGAPORE (Nov 27): Singapore Exchange (SGX) is set to replace the fixed rates for its Securities Borrowing and Lending (SBL) programme with variable and more competitive rates with effect from Dec 2. 

Under the current SBL programme, the lending fee rate and borrowing fee rate are fixed at 4% and 6% per annum respectively. Come Dec 2, the borrowing rates for index stocks, REITs and business trusts will be at 0.5% and the rest of securities at 4%. Lenders’ fees will be calculated based on 70% of the borrowing fee. 

Southeast Asia bourses remain resilient amid economic headwinds in 2019: Deloitte

SINGAPORE (Nov 26): Capital markets across Southeast Asia remained buoyant in 2019, despite ongoing global geopolitical tensions and macroeconomic events such as the US-China trade conflict and potential outcomes of Brexit. 

According to data from Deloitte Singapore, Southeast Asia bourses so far this year to mid-November have raised some US$6.8 billion ($9.3 billion) through 138 initial public offerings (IPOs). The region also generated some US$21.6 billion in market capitalisation. 

SGX reports 9% m-o-m higher total securities turnover value for Oct as risk appetite returns

SINGAPORE (Nov 8): Singapore Exchange says total securities market turnover value rose to $21.6 billion in October, up 9% against September.

In a 12 noon filing, SGX says a rebound in Asian stock market activity had led to a return of investor risk appetite.

This came amid signs of progress in US-China trade talks and easing uncertainties over the direction Brexit was heading.

Securities daily average value rose 4% m-o-m to $980 million in October while market turnover value for exchange-traded funds (ETFs) surged 55% m-o-m to $236 million.

Dark trading could give local stock market a boost

SINGAPORE (Nov 11): Singapore has been trying hard to reinvigorate its stock market, following the 2013 penny stock saga. Various measures mooted include a dual-class share structure, private-market platforms to build the IPO pipeline and cross-border partnerships. Unfortunately, the trading volume of securities continues to be listless. A growing list of delistings did not help either.

A recent MAS staff paper by the Monetary Authority of Singapore on dark trading could be worth pondering in the light of efforts to rejuvenate the local stock market.

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