Thursday, January 22, 2015

SGX shares retreat amid concerns derivatives business may not be sustainable

SINGAPORE (Jan 22): Shares of Singapore Exchange slipped as much as 2.3% despite a decent set of December-quarter results from the bourse operator, as investor sold into strength amid concerns that growth may not be sustainable.
At 11:43am (0343 GMT), the stock was down 1.6% at $7.77, off a low of $7.72 in early trading.
Since the beginning of October last year, the stock has put on 11.7%, making it one of the best performers among Singapore blue chips during this period.

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