They have raised earnings estimates for exchange operators Bursa Malaysia Bhd and Hong Kong Exchanges and Clearing Ltd by 10.4% and 6.5% respectively. The turnover of shares on the two exchanges more than doubled last month.
Shares of Asian stock exchanges have surged this year as trading volumes on regional bourses soared and stock prices hit record highs.
According to data from World Federation of Exchanges, 19 major stock exchanges in Asia had a cumulative turnover of $5.5 trillion in January, the highest in six months. In January 2020, the turnover was just $2.7 trillion.
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