iShares Southeast Asia Trust – iShares MSCI India Index ETF (I98) Plunges -0.93% on Jan 25

January 25, 2018 - By Linda Rogers

Shares of iShares Southeast Asia Trust – iShares MSCI India Index ETF (SGX:I98) last traded at 9.56, representing a move of -0.93%, or -0.09 per share, on volume of 97,500 shares. After opening the trading day at 9.67, shares of iShares Southeast Asia Trust – iShares MSCI India Index ETF traded in a close range. iShares Southeast Asia Trust – iShares MSCI India Index ETF currently has a total float of shares and on average sees 127 shares exchange hands each day. The stock now has a 52-week low of 6.97 and high of 12.38.

The Rising Giant SGX

Singapore Exchange (SGX), is the primary stock exchange platform in Singapore. All corporate stocks, bonds, derivatives, and exchange traded funds (ETFs) traded in one of Asia’s leading economies are traded through the SGX. It includes the shares of iShares Southeast Asia Trust – iShares MSCI India Index ETF. Currently, it is among the very few leading stock exchange platforms in Southeast Asia.

A total of 768 publicly traded companies are listed on the SGX as of January 2009, 455 of which are domestic companies and 313 of which are international companies. The number continues to grow and the reason behind this is further explained below.

A Glimpse of History

Established on December 1, 1999, the SGX is the resulting merger of the Stock Exchange of Singapore and the Singapore International Monetary Exchange. These two stock exchange platforms were then the most reputable ones in Singapore. In 2000, SGX has gone public. It opened many new doors for iShares Southeast Asia Trust – iShares MSCI India Index ETF.

Operation

Singapore Exchange Limited owns and operates the SGX. Its shares are also publicly traded through the SGX. The exchange stock is a component of two major indices: 1) MSCI Singapore Free Index; and 2) Strait Times Index (STI), which monitors the market performance of the top 30 SGX companies in terms of market capitalization.

The regular session on the SGX begins at 9:00 a.m. and ends at 5:00 p.m. This can extend until 5:05 p.m, with the market officially closing at 5:06 p.m. Meanwhile, the pre-market session lasts from 8:30 a.m. until 8:59 a.m.

Best-Performing SGX Companies

The best-performing companies listed on the SGX in the past five years include Thai Beverage Public Company Limited (SGX:Y92), which has generated a 216% return; Comfortdelgro Corporation Limited (SGX:C52), which has generated a 123% return; and SATS Ltd (SGX:S58), which has generated a 119% return. Return of iShares Southeast Asia Trust – iShares MSCI India Index ETF is the key interest of investors.

More than 90 companies on the SGX have a market capitalization of more than S$1 billion. Given these compelling data, it is unquestionable why many investors are looking forward to trade on the SGX— be for the short-term or the long-term, and why many companies are looking forward to be listed on the SGX.

Singapore’s Good Corporate Governance

CG Watch, a biannual newsletter, has named Singapore as the best market in Asia in terms of corporate governance standards this year. The country has scored 67 points, beating Hong Kong by two points. In the previous list of CG Watch, Singapore has only scored 64 points, placing behind Hong Kong.

This latest feat further reflects the advantage of the SGX for investors and companies alike. With this, more companies are becoming more and more interested in being listed on the SGX. Similarly, more investors are attracted to trade assets on the SGX.

Competitive corporate governance encourages and reinforces investors’ confidence, boosting a country’s entire economy. This indicator is closely associated with foreign direct investment (FDI). Analysts have always reiterated that the key to an immense SE Asia’s economic growth is good corporate governance, which can translate into heightened FDI inflow. That being said, Singapore is surely leading the region’s economic growth.

More notable recent iShares Southeast Asia Trust – iShares MSCI India Index ETF (SGX:I98) news were published by: Nytimes.com which released: “The US Can No Longer Hide From Its Deep Poverty Problem” on January 25, 2018, also Nytimes.com with their article: “IBM Now Has More Employees in India Than in the US” published on September 28, 2017, Economictimes.Indiatimes.com published: “21-year-old Shree Saini crowned Miss India USA 2017” on December 18, 2017. More interesting news about iShares Southeast Asia Trust – iShares MSCI India Index ETF (SGX:I98) were released by: Techcrunch.com and their article: “Why America could miss out big time on India’s fintech revolution” published on December 05, 2017 as well as Nytimes.com‘s news article titled: “With Trump Set to Meet Narendra Modi, Many US Indians Are Hopeful” with publication date: June 26, 2017.