SGX Achieves Record Half Year Profit For FY2006 On Back Of Buoyant Market

Singapore Exchange Limited (SGX) today announced a record half year profit of S$82.4 million. This is the strongest half year performance since SGX went public in 2000. This was achieved on the back of total operating revenue of S$177.7 million and operating expenses of S$79.4 million.

During 1H FY2006, we successfully attracted more than 60% (22) of total IPOs (34) from issuers in the region, including companies from Greater China, Korea, South East Asia and Australia. Average funds raised per company increased 74% to S$96.6 million and the average market capitalization of new issuers increased 41% to S$226.5 million compared to 1H FY2005.

In our securities market, the daily average trading value increased 35%, from S$629.5 million to S$846.6 million in 1H FY2006 compared to the same period in FY2005. Clearing fees rose 22.7% while trading value increased by 32.4% in 1H FY2006. In our derivatives market, Asian Equity derivatives continue to enjoy strong growth with a 54.5% increase in trading volume compared to 1H FY2005. Futures clearing revenue rose by 59.7% year-on-year, upon a 28.4% increase in trading volume to 14.7 million contracts.

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