Singapore, Jan 15, 2026, 16:12 SGT — Regular session
Shares of Singapore Exchange Ltd (S68) slipped 0.9% to close at S$17.62 on Thursday, cutting its year-to-date gain to roughly 4%, according to market data. 1
This matters because SGX’s earnings reflect trading volumes and the number of companies rushing to list. The market is now debating if the early-year activity signals a genuine trend or just a temporary blip.
Singapore shares opened slightly weaker, with the Straits Times Index slipping 0.1% soon after the bell. Investors reacted to Wall Street’s pullback and held off for updates on U.S. tariff disputes. 2
Oil prices dropped across Asia, while tech stocks continued to slide as investors pulled back from chipmakers and AI-related firms, Reuters reported. “There’s a rotation playing out on Wall Street,” noted Kyle Rodda, an analyst at Capital.com. 3
Customer experience platform Toku has launched its initial public offering (IPO), aiming for a Catalist listing on SGX. The company plans to sell 65 million shares at S$0.25 each, valuing the business at around S$142.6 million post-listing, according to The Business Times. Founder and CEO Thomas Laboulle emphasized the listing is “not an exit” but rather a move to boost credibility during customer pitches. 4
The offer will close at 12:00 p.m. Singapore time on Jan. 20. PrimePartners Corporate Finance and CGS International Securities Singapore serve as issue manager and underwriter, respectively, according to SGX’s prospectus page. 5
For SGX investors, the immediate takeaway is clear: turnover—the value of shares traded—and demand for derivatives spike when markets move. New listings add some boost, but it’s daily volumes that carry most of the load.
But a quieter market can backfire. When volatility drops and risk appetite wanes, trading slows—and listing plans often get delayed, which hits fees fast.
SGX will release its half-year results before trading starts on Feb. 5. CEO Loh Boon Chye and CFO Daniel Koh are set to update investors at 9:00 a.m. Singapore time. 6
