Singapore, Feb 8, 2026, 15:10 SGT — The market has wrapped up for the day.
- Singapore Exchange shares slipped 0.4% to finish at S$17.57 on Friday.
- Traders are back on Monday, eyes turning to Singapore data and Budget headlines.
- Most brokers remain upbeat in their notes, though they’re split on how far reforms are actually boosting turnover.
Shares of Singapore Exchange Ltd (S68.SI) slipped 0.4% to close at S$17.57 on Friday, shedding 7 Singapore cents in the final trading session before the weekend. Trading volume hit around 5.0 million shares. The stock wrapped up the day sitting about 3% under its 52-week high, market data showed. 1
Markets close on Sunday, so attention shifts away from any one company’s headlines. Instead, what matters is how this week shakes out for Singapore’s growth prospects and investor risk-taking. For SGX, it’s simple: higher trading and hedging volumes tend to drive up fee income.
The packed local policy calendar is suddenly a factor, with regional markets on edge once more. When derivatives trading heats up, exchange operators in places like Singapore, Hong Kong, and Japan usually see their shares climb. When things calm down, those same stocks often lose steam.
SGX’s latest earnings report shows adjusted net profit climbed to S$357.1 million for the half-year ended Dec. 31, with net revenue hitting S$695.4 million. The company’s filing also details an interim dividend—11.0 cents per share—set for investors holding shares as of Feb. 13, payable on Feb. 24. 2
Late Friday, broker notes mostly struck an upbeat tone, though the real question is how long that can last. Maybank Securities’ Thilan Wickramasinghe flagged the fixed income, currencies and commodities arm, or FICC, for its “strong positioning as a risk management venue.” Morningstar’s Roy Van Keulen called derivatives the long-term engine—“not cash equities.” Over at Citi Research, Tan Yong Han kept his sell rating, highlighting the “near-domestic monopoly” fee structure at SGX as a risk if rivals start to challenge. 3
No support from the wider market. Singapore’s benchmark dropped 0.8% Friday, with tech stocks driving losses across Asia. eToro’s Zavier Wong called it “investors de-risking and locking in gains”—not a full-scale shift in sentiment. 4
The Ministry of Trade and Industry is set to publish the Economic Survey of Singapore 2025 on Feb. 10 at 8 a.m., with the report detailing fourth-quarter and full-year results, plus figures on inflation, employment, and productivity. 5
Singapore’s Budget 2026 drops Feb. 12, just two days on, with Bank of America, Maybank, and DBS economists calling for a fiscal surplus somewhere between 0.3% and 1% of GDP, according to Reuters. Bank of America pointed to a likely emphasis on “greater attention to longer-term measures”, while DBS’s Chua Han Teng highlighted “increasingly binding” limits on both land and labor. 6
But here’s the catch for the SGX bulls: once volatility drops, trading volumes tend to fall off fast, and a softer interest rate environment threatens to put a dent in treasury income, which props up parts of the operation. If confidence takes a hit—whether it’s a sudden regional selloff, a tech hiccup, or rivals ramping up in derivatives—that recent optimism could get stress-tested in a hurry.
Trading picks back up Monday, and right away, investors’ eyes swing to Tuesday’s Economic Survey and Thursday’s Budget for guidance on local risk appetite. SGX’s Feb. 13 dividend record date sits on the immediate radar too.
