SGX up more than 3%, biggest move since September 11, 2001
➡️ SGX shares are up 3.4% to $11.81 as of 919AM, its biggest move since 11 September 2001
➡️ The shares are up on heavier than usual trading volume, with 342K shares exchanging hands within the first minute of trading, five times the 20-day average of 75,486 shares for this time of day.
➡️ The stock is one of the top index performers on the Straits Times Index, with a 20% gain year to date compared to the STI's +15% returns over the year.
➡️ SGX trades at 22 times its estimated earnings per share (EPS) for the coming year. It trades at 21 times trailing EPS.
➡️ The company is priced at 6.4 times book value, according to Bloomberg as of 901AM