Singapore Exchange (OTCMKTS:SPXCY) Sets New 12-Month High – Here’s Why

Shares of Singapore Exchange Limited (OTCMKTS:SPXCY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $40.47 and last traded at $40.47, with a volume of 9705 shares traded. The stock had previously closed at $39.43.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Singapore Exchange from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Singapore Exchange has an average rating of “Hold”.

Singapore Exchange Stock Performance

The company’s 50 day simple moving average is $38.29 and its two-hundred day simple moving average is $34.72.

About Singapore Exchange

Singapore Exchange Limited (OTCMKTS:SPXCY), commonly known as SGX, operates Singapore’s integrated securities and derivatives exchange. It provides regulated marketplaces for the listing and trading of equities, exchange-traded funds, fixed-income products, derivatives, currencies and commodities.

Through its market infrastructure, SGX supports trading, clearing, settlement and custody services, as well as market data, indices and related technology solutions. Its derivatives offerings include equity index, interest-rate, currency and commodity contracts, serving institutional and other market participants in Singapore and international markets.

SGX was established in 1999 through the merger of the Stock Exchange of Singapore and the Singapore International Monetary Exchange and became a publicly listed company in 2000.