SGX share price to rocket with Nasdaq?

All eyes will be on the upcoming Global Listing Board (GLB). Will it be the holy grail that sends SGX share price into the stratosphere?

For years, Singaporean investors have shunned local stocks in favor of New York and Hong Kong, drawn by the allure of explosive capital growth and massive liquidity. The domestic exodus was exacerbated by the dearth of exciting IPOs capable of sustaining long-term retail and institutional interest. The lowest point for SGX took place in 2024 as the local bourse saw a mind-boggling zero listings on the SGX Mainboard (all 4 companies that debuted were on Catalist board).

That dark chapter of SGX led to plenty of soul-searching. As a leading financial hub, how we arrived at that point was beyond the comprehension of many. Consequently, the structural alarm bells of 2024 forced high-level intervention by Singapore government when the MAS formed the Equities Market Review Group to revive SGX. Whilst I applaud the resolve of the authorities to make SGX great again, there is a need to contextualize the core issue. Skipping this step would be like attempting to take a step forward, only to end up taking two steps back.

On looking back, Loh Boon Chye certainly brought peace and stability to SGX share price when he became CEO in 2015. This was in deep contrast to his predecessor, Magnus Bocker, which presided SGX over the period of penny chip meltdown, trading breakdowns and the fallout from the S-chips saga. While these episodes had long blown over, SGX struggled to deal with a new set of challenges – dearth of IPOs and slew of companies applying to delist.

To overcome these challenges, Loh Boon Chye shifted SGX away from a Singapore-centric and product-centric to a global market operator with diversified revenue sources. By FY2019, the derivatives business overtook the equities business as the chief revenue contributor. As part of Loh Boon Chye’s multi-asset strategy, SGX became Asia’s leading exchange for debt securities. Today, over 80% of the listed bonds on the exchange come from outside Singapore.

For many SGX shareholders, there are absolutely no complaints about Loh Boon Chye. Since he took the helm as CEO, SGX share price has surged nearly three-fold. Evidently, his multi-asset strategy has been a resounding success, delivering record-breaking revenues and net profits for SGX Group, culminating in a landmark FY2025 performance. As a CEO, Loh Boon Chye has delivered.

Yet, at the national level, this corporate transformation poses a serious macroeconomic risk. While SGX thrives, the local bourse has effectively transformed into a ghost town for emerging enterprises looking to raise capital via IPOs. As investors fled for their lives, the valuations of existing listed companies declined, triggering a wave of delistings in recent years. This phenomenon caused the equity segment to fall into a vicious downward spiral—a shrinking market that endangers Singapore’s long-term position as a capital hub. In this article, I will share my insight on SGX share price in 2026.Note that this is an opinion article and not meant to be a financial advice. Please do your due diligence or engage financial advisors before investing in the stock market. Furthermore, I am not vested and have never invested in SGX before. Whether SGX share price will surge or collapse has no impact on me. Thus, this article is not meant to induce readers to make any form of investment decisions.

Will SGX share price explode in 2026?

As part of the MAS’ measures to revive SGX, the government injected liquidity into SGX through the launch of Equity Market Development Programme (EQDP) with an initial $5 billion, which was aggressively expanded to $6.5 billion in the 2026 Budget. While EQDP has helped to push up SGX share price, I believe the biggest catalyst should be [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]

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