EXODUS AT SINGAPORE STOCK EXCHANGE!
Currently, the Singaporean Stock Exchange is experiencing an exodus in the numbers of listed Companies. By October,2024 only 617 Companies were on the list. Alot of local Companies have opted to enlist on bigger markets in the U.S. seeking better liquidity. A good example includes Singaporean domiciled Companies like, CRAB & SEA, which have opted for New York for their Initial Public Offering. In mid, 2024 Monetary Authority of Singapore (MAS), a State Investment Firm: TEMASEK and the Singaporean Stock Exchange (SGX) are trying to find ways to lure Fund Managers and Companies to the Exchange. The team is expected to present the Report in August, 2025. Bond Trading, Real Estate Investment Trusts (REIT) and Derivatives are the only ones that have contributed to SGX attractively with a profit of S$525.9 Million. In real terms, Singapore's Initial Public Offering market hasn't done well in, 2024. Only four Companies enlisted this year with SGX. Thailand had 28 newly listed, Indonesia had 39 and Malaysia had 46 Initial Public Offerings. All these have a total value of $31Million. The Singaporean Stock Exchange is a financial hub in Asia. They offer a number of products and services like, Equities, Derivatives, Fixed Income and Commodities. Singapore has since authorized the Listing of Exchange Traded Funds (ETFs). The first active ETF was by LION GLOBAL INVESTORS in partnership with NOMURA ASSET MANAGEMENT in January. It started with Singaporean Dollar of 37 Million and has now reached to S$49.2 Million. With this current low scenario in IPOs, Investors could diversify their portfolios to sectors where the SGX has done better like, Derivatives and Commodities. Hong Kond and the U.S. could be giving stiff competition to SGX. Singapore has a small domestic market that limits its capacity to lure large-scale IPOs. SGX NIFTY, is a product linked to India's market. It's a very popular product making SGX an attractive global DERIVATIVES hub.
12/28/20241 min read
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