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Status of SGX stock markets

singapore-exchangeYesterday, the bourse operator has mentioned that a five-fold jump in market capitalization of The Singapore Exchange (SGX) has been recorded for new listings in the year 2010.

Last year, 39 new IPOs which is 10 more than that of the number in the last year, have raised a total of $11 billion in SGX. The SGX's market capitalization has increased by these IPOs by $51 billion. The total market cap of the exchange has brought to $902 billion.

Last year, the directing European offshore designer and shipbuilder STV OSV Holdings and the world's largest real estate offering by Global Logistic Properties has been directed by some of the high-profile IPOs with home- grown budget airline Tiger Airways.

The Exchange has said that last year was a record year for bond listings as well. Last year 277 bonds were listed in the SGX which has brought the total number to over 1,300 issues. The total notional value of the listed bonds was recorded above $500 billion.

SGX has also informed that, the strong demand from individual investors for fixed income securities has been signified by the over-subscription of recent retail bond issues.