These stronger operating numbers, along with prospects of market momentum carrying into the new year, have prompted several analysts to raise their target prices for the bourse, which is already trading near record levels.
The Singapore Exchange (SGX) saw the bellwether Straits Times Index (STI) gaining 2.2% m-o-m, taking year-to-date calendar gains to 19% and total returns to 25% for November.
Total traded value for securities rose 17.8% y-o-y, while total derivative contract volume dropped marginally by 0.7% y-o-y. Securities daily average traded value and derivative average daily volume grew 23.7% and 4.3% y-o-y, respectively.
