Investing in SGX

There had been much volatility in the stock market this week and stocks were moving up and down in anticipation of the Fed's announcement to the tapering of bond purchases in the US.

Portugal's economy was left in a mess when two ministers resigned from coalition government. Stocks around the world plunged in reaction to this incident, causing more uncertainty looming in global equities.

I was prepared for a crisis, seeing SGX plunged from a 6 months high of $7.8 to $7.03 on 28 June 13. And furthermore SGX, reported higher revenue and net profit amid a 10% drop in price. A 10% drop in price does not justify the strong performance of SGX, which is the sole leader of equities and derivatives products in Singapore.

Source: Bloomberg