Singapore, Jan 28, 2026, 15:46 SGT — Regular session
- Shares of Singapore Exchange slipped 0.34% during afternoon trading
- Singapore’s benchmark STI climbed to a record closing high on Tuesday
- Traders are focused on the Fed and SGX’s results briefing set for Feb 5
Shares of Singapore Exchange Ltd dipped 0.34% to S$17.57 by 3:22 p.m. Wednesday, down from S$17.63 at Tuesday’s close. The stock fluctuated between S$17.48 and S$17.73, with roughly 542,400 shares traded. (StockAnalysis)
The move is significant since SGX reflects local market activity, and this week has centered on risk appetite. Singapore equities have hit record levels, keeping turnover in the spotlight. Now investors are watching closely to see if the sentiment lasts through the Fed’s upcoming remarks.
Singapore’s Straits Times Index hit a fresh record, closing at 4,923.02 on Tuesday after climbing past the 4,900 mark for the first time. Banking shares drove the rally ahead of the U.S. Federal Reserve’s upcoming policy meeting, The Business Times reported. Tay Wee Kuang, an analyst at CGS International Securities Singapore, noted that “continued liquidity inflows should support share prices,” citing equity-market development funds as a key boost. (The Business Times)
SGX shares remain close to the upper end of their 52-week range, which spans from S$11.50 to S$17.89, despite falling on Wednesday. The exchange operator’s market capitalization stands at roughly S$18.8 billion. Analysts tracked by Investing.com set the average 12-month target price near S$17.51. (Investing)
SGX’s upcoming numbers are the next major trigger. The group plans to release first-half FY2026 results ahead of market open on Feb. 5, followed by a 9:00 a.m. Singapore-time briefing with CEO Loh Boon Chye and CFO Daniel Koh.
SGX earns revenue from trading and clearing fees on equities and derivatives, as well as from listings, settlement, and data services. This means the stock tends to react sharply to changes in turnover and market volatility — benefiting when trading picks up, but struggling when activity slows down.
Traders eyeing the Feb. 5 report will focus on whether the recent momentum in Singapore’s market has steadied activity in cash equities, derivatives, and the exchange’s data services. Management’s take on upcoming listings and secondary fundraising could also sway sentiment.
That said, the setup works both ways. Should the STI’s record streak falter and volumes drop, the lift investors count on for the exchange operator could vanish quickly—especially with the stock hovering near its peak. A more hawkish Fed tone wouldn’t do it any favors either.
The spotlight remains on the Fed’s upcoming decision and guidance during the global session. After that, all eyes will turn to SGX’s results and briefing on Feb. 5, which should shed light on whether the recent boost in market activity is sustainable.
