Singapore, Jan 22, 2026, 15:19 SGT — Regular session
- Shares in Singapore Exchange ticked up 0.35% in afternoon trading, hovering close to recent peaks following a solid start to 2025
- Watch if increased trading volume continues through the next earnings report
- SGX has bolstered its push to expand cash-equities and ETF trading with a fresh China-focused ETF listing
Shares of Singapore Exchange Ltd ticked up Thursday as traders highlighted renewed chatter about the bourse operator’s trading momentum and a steady flow of new product launches.
Shares of the company, listed as S68, climbed 0.35% to S$17.37 by 3:18 p.m. local time, moving between S$17.34 and S$17.54 on the day. Trading volume hit roughly 1.18 million shares. (Source: SGinvestors)
Why it matters now: SGX’s earnings hinge on trading and clearing volumes. When investors hedge or adjust positions, usually through derivatives—contracts linked to an underlying asset—the exchange typically experiences a boost in activity and fee revenue.
Investors are now eyeing the upcoming financial results to gauge how much of last year’s turnover boost is holding up, and to see the implications for guidance and dividends.
SGX reported earlier this month that its 2025 derivatives volume jumped 10%, hitting a record 329 million contracts. December’s securities turnover value surged 29% year-on-year to S$25.8 billion. The exchange also highlighted a full-year daily average securities value nearing S$1.5 billion — the strongest since 2010. (Source: SGX corporate announcement, Jan 9)
On Thursday, The Straits Times reported that SGX will continue grouping cash equities and equity derivatives under the same equities category, even as cash equities show stronger prospects. Chief financial officer Daniel Koh described the market as possibly being in “the early stages of a virtuous cycle.” Meanwhile, Shekhar Jaiswal, head of equity research at RHB Bank Singapore, expects fixed income, currencies and commodities (FICC) derivatives to “keep compounding faster” as product offerings grow. (Source: The Straits Times)
SGX is expanding its exchange-traded fund offerings on the cash-equities front. On Tuesday, CSOP Asset Management launched Singapore’s first CSI A500 Index ETF on SGX, pricing shares at S$1 each with an annual management fee of 0.89%. (Source: PR Newswire)
According to SGX’s IPO performance page, the ETF pulled in about S$46.756 million at its offer price. By Jan. 21, it closed at S$0.992, slipping 0.8% below that initial price. (Source: SGX IPO performance page)
Yet the recent rally has pushed expectations higher. A slowdown in volatility, fading China-related hedging activity, or a dip in cash-equities trading could all weigh on fee growth and make the stock vulnerable to profit-taking.
The next key date is Feb. 5, when SGX will release its first-half FY2026 results ahead of the market open, with a briefing to follow led by CEO Loh Boon Chye and Koh. (Source: SGX results notice)
