SGX stock edges up as Nasdaq dual-listing rules move to Feb 8 deadline; Singapore Exchange earnings next
Shares of Singapore Exchange rose 0.5% to S$17.59 by 3:10 p.m. Monday after regulators launched consultations on rule changes to simplify SGX-Nasdaq dual listings. MAS proposed allowing a single prospectus for simultaneous IPOs and earlier retail investor engagement. Securities turnover at SGX jumped 29% year-on-year in December to S$25.8 billion. Feedback on the proposed changes is due by Feb. 8.