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.
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.
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. Reuters
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. The Business Times
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.
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.
