DBS Group Research believes the worst is nearly over for the Singapore economy, given the signs of a recovery in loan growth after a year of contraction as well as the manufacturing sector’s growing purchasing manager’s index (PMI).
That means an upturn is in sight, which bodes well for the Singapore Exchange.
SGX has already started seeing an improvement in its numbers, with turnover value increasing 10%, reversing from the two previous quarters of decline. At the same time, trading volumes had risen 23%.
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