SGX renames equities arm as SGX Stock Exchange
Loh said valuations of STI constituents are generally viewed as reasonable compared with other developed markets.
SGX’s equities business will be known as the “SGX Stock Exchange”, SGX Group chief executive Loh Boon Chye said, as he reiterated the exchange’s commitment to supporting companies at every stage of growth and expressed confidence in a recovery in listings activity.
Speaking at the 60th anniversary ceremony of the Straits Times Index (STI), Loh said SGX expects more listings, including innovative and forward-looking companies, following what he described as an encouraging start to IPO recovery in 2025.
Loh said confidence across the equities ecosystem has strengthened, with market momentum, investor interest, and IPO activity beginning to return.
He added that the STI has delivered “consistently respectable returns” over the longer term, supported by earnings growth and more active capital management by listed companies.
Loh said valuations of STI constituents are generally viewed as reasonable compared with other developed markets.
Loh also pointed to broader investor participation, noting that assets under management across the two STI exchange-traded funds have surpassed $3b. He said this reflects growing confidence in the local equities market.
Looking ahead, Loh said the next phase of development would be characterised by greater diversity and deeper participation across large-, mid-, and smaller-cap companies.
He added that the Equities Market Review Group, led by Minister Chee Hong Tat, has completed its recommendations and that SGX is working with partners to implement them.