1012 GMT - Singapore Exchange's shares likely don't fully reflect the upside from its strong derivatives performance, DBS Group Research's Lim Rui Wen says in a note. The exchange operator's derivatives daily average volume grew 35% on year to 1.8 million contracts in March as market uncertainties drove trading across various asset classes, the analyst says. Lim expects demand for risk-management tools to continue in the coming weeks amid the Middle East cease-fire. Meanwhile, SGX's equities momentum continues, with its securities daily average value rising to a new high in March, she adds. DBS raises its target price to S$22.50 from S$19.20 and maintains a buy rating. Shares rise 3.8% to a record close of S$21.09. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
April 10, 2026 06:12 ET (10:12 GMT)
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