0251 GMT - Singapore Exchange's performance in the currencies and commodities segments will likely slow down in 2H of fiscal 2025, Roy Van Keulen, analyst at Morningstar writes in a note. The likelihood of U.S. tariffs and lingering economic pressures continue to weigh on investor sentiment and equity trading volumes, he says. There is weakness in equity markets particularly in Singapore, which is influenced by China's economic woes, he adds. He notes that SGX's stock has risen around 30% since August 2024, as the market recognizes the benefits of derivative-based exchanges against a backdrop of election volatility, and now trades close to fair value. As such, Morningstar raises its fair value estimate by 3% to S$13.10. Shares are 0.6% lower at S$12.43. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
December 10, 2024 21:51 ET (02:51 GMT)
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