Unfortunately, such is and will remain the predicament of the Singapore Exchange (SGX:S68
) (SGX) after it became apparent in recent days that reviving the moribund local equities market ranks low on the government’s to-do list.
It’s never good for a country’s stock market when private companies contemplating going public think a rival exchange elsewhere is a better place to list on.
It’s just as bad when a government shuns the stock market of its own country and opts instead to invest state resources in other places.
