Singapore expanded its Equity Market Development Program to SG$6.5 billion from SG$5 billion to improve liquidity and provide a boost to its capital markets, according to a Singapore Business Review report, citing a report by RHB Investment Bank.
The program is expected to start higher securities turnover and increase investor engagement towards listed firms.
According to the report, the Singapore bourse's average daily securities turnover could reach SG$1.84 billion by fiscal year 2028.
Meanwhile, derivatives volumes are likely to experience a compound annual growth rate of 10.4%, with recurring net profit at SGX projected to rise to SG$853 million by 2028, the report noted.
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