Singapore, Feb 6, 2026, 15:13 SGT — Regular session
Shares of Singapore Exchange Ltd (S68) slipped 0.2% to S$17.61 on Friday, fluctuating between S$17.46 and S$17.78 during the session. Investors balanced a dividend increase against indications that fee momentum may be waning heading into the next half. (Investing)
The bourse operator reported its strongest half-year profit since its 2000 IPO, with adjusted net profit hitting S$357.1 million. It also announced a quarterly dividend of 11 Singapore cents per share. Net revenue from its fixed income, currencies, and commodities (FICC) segment climbed 12.5% to S$178.9 million. During the six months ending Dec. 31, the exchange added 15 new equity listings. (Reuters)
This is crucial now since SGX’s earnings closely track trading and clearing activity. When volatility drops, volumes can slump just as fast, and the market reacts quickly to any changes signaled by results.
At Thursday’s briefing, CEO Loh Boon Chye noted that “Trading activity has broadened across sectors,” with turnover now extending beyond the usual Straits Times Index heavyweights. He also highlighted that “our IPO pipeline continues to strengthen.” The exchange reported institutional net purchases of S$415 million in small- and mid-cap stocks this year, along with a higher interim dividend. Shares slipped 0.6% to close at S$17.64 following the update. (The Business Times)
Phillip Securities Research analyst Glenn Thum bumped his target price to S$18.30 while maintaining an “ACCUMULATE” rating. He cited that “core volumes overtake yield headwinds,” despite “falling rates create a treasury headwind” on treasury income, which covers interest from cash like margin deposits. (POEMS)
SGX remains a volume-driven play. When global markets quiet down, derivatives turnover often dips, and the IPO pipeline can shrink fast if risk appetite fades.
Across Asia, exchange operators encounter similar challenges. They thrive when clients are actively hedging, rolling positions, and repositioning. But when markets stall and trading desks hold back, their performance suffers.
Traders now focus on two clear markers: will cash-equities activity remain wide-ranging beyond just a few major players? And will new listings arrive with enough scale to impact fees, rather than just grabbing headlines?
SGX announced an 11-cent interim quarterly dividend, set for payment on Feb. 24. Loh highlighted the group’s “strongest half-year performance” to date, crediting the “resilience of our trusted platform” amid volatile markets. The upcoming payment date now stands as the next key event for the stock. (Straitstimes)
