16 Jan '12, 12pm

SGX suffers 11.8% fall in 2nd quarter profits

SGX suffers 11.8% fall in 2nd quarter profits

The Singapore Exchange suffered a 11.8 per cent drop in second quarter profit to $65.4 million, as investors stayed away from the stock market. --ST PHOTO: JOSEPH NAIR By Goh Eng Yeow The Singapore Exchange (SGX) suffered a 11.8 per cent drop in second quarter profit to $65.4 million, as investors stayed away from the stock market. Revenues over the same quarter fell by 14 per cent to $148.1 million. What hit the SGX's bottomline was a sharp 37 per cent drop in the daily average traded value of stocks to $1.1 bilion during the quarter, as investors were spooked by the macro-economic uncertainty. This caused the revenues it derived from clearing trades in the stock market to fall to $53 million from $81 million in the previous corresponding quarter. However, the negative impact from the lower stock market turnover was partially offset by the increased volume in the derivati...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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We need more clarity in our law, so dispel the ...

tankinlian.blogspot.com 17 Jan '12, 12am

SGX has withdrawn its legal suit against China Sky and is now negotiated a settlement out of court. See this report: http:...

Average bus speeds fall due to rise in ridership

Average bus speeds fall due to rise in ridership

straitstimes.com 17 Jan '12, 8am

Minister of State of Transport and Finance Josephine Teo said that average bus speeds have decreased from 19.1kmh in 2007 ...