- Total securities market turnover for SGX in September was S$30.38 billion.
- This represents a 5.6% increase month-on-month in securities market turnover.
- The volume of derivatives traded reached 28.85 million, marking a 17% month-on-month rise.
- The daily average volume of derivatives traded was 1.45 million, which is a 28% increase compared to the previous month.
- Analysts’ recommendations showed 4 buys, 4 holds, and 4 sells.
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A look at SGX Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, the long-term outlook for Singapore Exchange Limited (SGX) appears generally positive. With a strong momentum score of 5, SGX seems to be exhibiting robust performance and growth potential in the market. The company’s solid scores in growth (4) and resilience (4) further indicate a promising future, suggesting that SGX is well-positioned to expand and withstand market challenges.
Although SGX‘s value score is average at 2, and its dividend score is moderate at 3, the overall outlook for the company remains favorable. As the operator of Singapore’s key securities and derivatives exchange, along with offering essential financial services, SGX plays a crucial role in the local financial sector. With promising growth prospects and a resilient performance track record, SGX stands out as a key player in the market with the potential for continued success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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