SGX Q3 net profit jumps 38% to 13-year high on higher volatility
Trading activity up across its equity, currency and commodity asset classes
Singapore
THE Singapore Exchange (SGX) on Friday reported a 38 per cent jump in its fiscal third quarter net profit to a 13-year high. Trading activity rose across its equity, currency and commodity asset classes, driven by uncertainty caused by the Covid-19 pandemic and the geo-political tensions in the global oil market.
"Accordingly, volatility has significantly increased, and there is higher demand for risk management solutions and activity in the cash equity markets as investors adjust their portfolios,'' SGX chief executive Loh Boon Chye said on a webcast with the media and analysts.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Asia: Stocks mixed after Wall Street, Europe retreat from records
Mapletree closes second Japan logistics development fund; expects 110 billion yen AUM
Dolce & Gabbana metaverse fashion offering leaves shopper fuming
Microsoft offers cloud customers AMD alternative to Nvidia AI processors
CEO of fallen Eagle Hospitality Trust seeks to contest four disclosure-related criminal charges
Crypto boom, erratic rain spark outages in Laos, Asia’s clean power export hub