Ailing SGX in dire need of revitalizing catalyst, say listed firms
It could be overtaken by other bourses soon.
The SGX is in dire need of a catalyst in order to return it to its former glory, the Small and Middle Capitalisation Companies Association (SMCCA) stated in a report.
The SGX has been suffering from low trading values and lacklustre listings in the past years, and the SMCCA stated that only reforms will manage to revive the local bourse.
In terms of trading value, Hong Kong and Thailand have been on a consistent uptrend. Malaysia was trending up
but has peaked and then come off a bit, but Singapore is stuck in a consistent downtrend.
“We are preparing our members for the potential year ahead. What the Singapore Stock Market needs though is a new and significant catalyst. This would then enable us to reverse our downtrend and re-establish ourselves as the premier stock market regionally. A strong and vibrant stock market will ensure that Singapore Listed Companies can operate efficiently and continue to enhance their performance. And this would then underpin the continued growth of the Singapore Economy,” said SMCCA President Tan Choon Wee.