SINGAPORE: Shares in Singapore Exchange Ltd, which operates the city's securities and derivatives markets, advanced after the firm said fourth-quarter profit almost doubled. Credit Suisse Group raised its rating on the stock.
The stock rose four cents, or 1.1%, to S$3.62 as of 11:50am local time, after earlier jumping as much as 3.4%. Profit rose to S$55.1mil for the three months ended June 30, from S$28mil a year earlier as investors bought and sold more shares, the exchange said on Thursday.