The Singapore Stock Exchange (SGX) is among Asia's leading stock exchanges. Indeed, the SGX is one of the largest exchanges in the world, with a market capitalization of $1.49 trillion. The Stock Exchange is also the 6th largest in the world by market capitalization. In addition to its status as a leading stock exchange, the Singapore Stock Exchange is home to many of the world's largest companies. In fact, it hosts a third of the companies in the FTSE Global 500.
If you're venturing into the stock market for the first time, one of the first decisions you'll have to make is which stock exchange to choose. There are a few things you'll need to consider before making your final decision. First, consider the size of your company. If the company is small, you may want to consider a smaller stock exchange. This will help you avoid a lot of the paperwork and red tape involved with a larger exchange. If you're a larger company, you'll want to go with a larger exchange. A larger exchange means more liquidity, which means your shares will be easier to trade.
The Singapore Stock Exchange (SGX) is the main stock exchange in Singapore and is one of the three stock exchanges in Singapore. The other two stock exchanges in Singapore are the Australian Securities Exchange and the Tokyo Stock Exchange. The Singapore Stock Exchange owner is the Singapore Exchange (SGX). Thus the Singapore Exchange is the holding company of the Singapore Exchange Group, which is listed on the Singapore Exchange. The holding company is responsible for holding the issued shares in the Singapore Exchange and other companies.
The holding company takes charge of the management of the SGX group. The SGX group is made up of several companies, including the SGX Derivatives and the SGX Clearing. SGX Derivatives is an electronic stock exchange company that specializes in derivatives trading. Essentially, the SGX Clearing is a clearing house responsible for clearing the trades that are done on the SGX stock exchange. Investors looking to trade on the Singapore Stock Exchange (SGX) may want to know its opening, lunchtime, and closing times. It's important to learn about the stock exchange's operating schedule and when you can expect your orders to be executed. We'll also include how SGX differs from other stock exchanges in Asia.
Keep this in mind: In Singapore, the SGX's opening, closing, and lunch hours are similar to those in other countries in Asia such as Hong Kong. However, unlike other countries that close for lunch from 12 to 2 pm, the Singapore stock exchange doesn't close during this period. Instead, it is considered an unofficial break in trading activity. Indeed, many investors tend to go out or hold meetings at this time. Essentially, the Singapore stock exchange opens at 8:00 am and closes at 3:00 pm. However, on Friday, it's closed. This can be inconvenient for people who work full time during the week but don't have much free time on weekends. If you're one of these, make sure to check whether the day you plan on buying stocks falls on a public holiday or a weekend before making a purchase.
So, the Singapore Stock Exchange lunchtime is between 12:30 pm to 2 pm, with the rest of the day being a combination of trading hours and lunch breaks. Also, the Singapore Stock Exchange opens from 9:00 to 17:00 (Singapore time) on all weekdays except Saturdays, Sundays, and the first and third Mondays of each month. Overall, the Singapore stock exchange has a similar opening, lunchtime, and closing time to other Asian countries.
Since the Singapore Stock Exchange is open from 9:30 am to 4:30 pm, Monday to Friday. That means you can trade on the market for up to 13 hours a day. Thus, if your company's headquarters are located in Singapore, you will be able to trade stocks with the same opening times as those of other Asian countries such as Tokyo and Hong Kong. It's essential to keep track of these timings so that your orders can be completed within this timeframe.
A New York Times analysis recently indicated that the SGX announced a lower-than-expected profit for the quarter; evidently, the higher operating costs dragged down earnings. The SGX also announced it would spend an additional S$50 million ($35.5 million) over the next two years to attract listings from Chinese companies. Evidently, this includes setting up an office in Beijing and hiring more sales employees.
Similarly, a Reuters report recently indicated that the SGX would sell its stake in the Shenzhen Stock Exchange to HKEx. A Bloomberg News report added that the SGX would shift its focus on Asian companies, targetting China in particular. The report noted that "China is opening up the securities industry at a time when the city is already hit by slower growth. Such a decline was sparked by a property market cool-down and weakening regional demand.
Further, a recent Nikkei Asian Review article significantly reported that the SGX intends to strengthen its ties with the Shanghai Stock Exchange, the Hong Kong Exchanges and Clearing (HKEx), and the China Financial Futures Exchange (CFFEX).