Weekly Recap | SPXCY.US +0.08%, September turnover up 27%

The Week

Singapore Exchange (SPXCY) added 0.08% this week to close at $32.51, while the S&P 500 fell 1.95%, leaving the stock about 2.03 percentage points ahead of the benchmark. Trading was choppy: the stock opened Monday at $33.361 and hit a weekly high of $33.41, then pulled back through Tuesday and Wednesday to $32.32. A Thursday bounce took it to $32.67 before Friday opened at $31.55 and recovered to $32.51 by the close. The weekly amplitude was 5.58%.

Key Events

On Monday, SGX reported its September operating figures: securities market turnover rose 27% year-on-year to S$42.2 billion, and derivatives average daily volume (DAV) came in at 1.4 million contracts. The release coincided with the week’s early high and subsequent pullback. Later on Monday, the firm confirmed the 27% year-on-year rise in total securities market turnover to S$42.2 billion, and said it was launching a new trading session for Asian bond futures aimed at attracting European investors.

The Week Ahead

The calendar is mostly US property-sector data. Monday brings the NAHB housing market index (prior 32, forecast 32). Tuesday brings housing starts at an annualised rate (prior 1.275 million, forecast 1.305 million) and building permits (prior 1.403 million, forecast 1.395 million). Wednesday brings the EIA weekly crude oil and Cushing inventories. No earnings are scheduled for SGX itself, so the macro data is the nearest forward trigger for risk appetite.

In Short

The week’s operating figures pointed to stronger turnover and derivatives activity, but the stock managed only a 0.08% gain and traded in a wide range of 5.58%, suggesting the upbeat data did not translate into a one-sided rally. Valuation sits at around 32.08x P/E and 9.51x P/B, a relatively full level; the latest trading day’s flow data is unavailable, so direction for larger and smaller participants cannot be judged. The forward question is whether the activity seen in September persists into the next monthly figures, and how US housing and oil data shifts overall market tone.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.