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
💡 Macquarie's trending SGX call warrant SGX MB eCW250328 (WJTW) (https://warrants.com.sg/tools/warrantterms/WJTW) is up 27.3% to SGD 0.056, eight times more than SGX's share price move, while trending SGX put warrant SGX MB ePW250328 (FQTW) (https://warrants.com.sg/tools/warrantterms/FQTW) is down 25% to SGD 0.012 given SGX's +3.4% move.
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