Each one got there for different reasons.
And each faces a different set of risks from here.
Has SGX earned the right to trade at these levels?
Singapore Exchange (SGX: S68) just delivered its strongest-ever half-year performance for the first half of fiscal year 2026 (1HFY2026).
Net revenue rose 7.6% year on year (YoY) to S$695.4 million.
Operating profit climbed 10.8% to S$424.6 million.
The Equities-Cash division did the heavy lifting, with net revenue surging 16.2% YoY to S$223.9 million – now the group’s largest division at 32.2% of total net revenue.
Securities daily average traded value (SDAV) climbed 19.5% to S$1.5 billion, and Singapore’s total market capitalisation crossed the S$1 trillion mark for the first time.
IPO activity has also turned a corner.
SGX recorded 15 new equity listings that raised S$3 billion in 1HFY2026. A year ago? Five listings raising a mere S$19.7 million….
