Has SGX earned the right to trade at these levels?
singapore exchange (SGX:S68) delivered its strongest half-year performance ever for the first half of fiscal year 2026 (1HFY2026). Net revenue increased 7.6% year-on-year to S$695.4 million. Operating profit rose 10.8% to S$424.6 million. The equity-cash division made huge gains, with net revenue rising 16.2% year-on-year to S$223.9 million – now the group’s largest division with 32.2% of total net revenue. The average daily traded value (SDAV) of securities rose 19.5% to S$1.5 billion, and Singapore’s total market capitalization surpassed the S$1 trillion mark for the first time. There has also been a change in IPO activity. SGX recorded 15 new equity listings, raising S$3 billion in 1HFY2026. a year ago? Only S$19.7 million was raised from five listings….
