Walau! $7 to $8 coming???
THE stock price of the Singapore Exchange (SGX) plunged on Wednesday after it announced that it would discontinue its MSCI equity index futures and options contracts, save for those under MSCI Singapore, when their licence agreements expire in February next year.
SGX fell 11.8 per cent or S$1.17 to S$8.73 as at 3.40pm on Wednesday, after 10.7 million shares changed hands.
This marks the lowest share price for the counter in two months. SGX shares traded at S$8.59 on March 24.
It was the most traded stock by value on the Singapore bourse by Wednesday afternoon, even though it had lifted its trading halt only during the midday break.
MSCI contracts are ~15% of Equity Derivatives DAV; ~12% of Total Derivatives DAV
Potential proforma 10% to 15% impact to FY2021 NPAT, assuming full 12 months and before mitigating actions
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35 minutes ago
Dbs target price drop from 10 to 7.4.
ReplyDeleteJust need one unexpected bad news beyond outsider to drop 20%
Mr Market is heart weak. Cant take any more bad news!
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