# SGX Loses $4.2 Billion in Value

> Analysts downgrade SGX stock as valuation concerns mount.
- Title: SGX Loses $4.2 Billion in Value · mint | Shortify
- Summary: Analysts downgrade SGX stock as valuation concerns mount. Singapore Exchange shares dropped $4.2 billion in value after analysts criticized its high…
- Keywords: sgx, singapore exchange, stock market, valuation, analysts, citi, jpmorgan, macquarie, strait times index, bourse, money, business
- Source: mint — https://livemint.com/market/sgx-loses-4-2-billion-in-value-as-analysts-balk-at-valuation-11791175418510.html
- Published: 2026-10-05T04:43:38+00:00
- Read time: 1 min
- Topics: sgx, singapore exchange, stock market, valuation, analysts, citi, jpmorgan, macquarie, strait times index, bourse, money, business
## SGX Shares Slip
SGX shares slipped Monday, erasing $4.2 billion in market value since an August peak due to rising valuation concerns.
## Analysts Downgrade SGX
Citigroup lowered its price target and placed SGX on a 90-day negative catalyst watch while JPMorgan and Macquarie downgraded ratings.
## SGX Stock Tumbles
SGX shares have fallen 19% since August 26, making it the worst performer on Singapore’s Straits Times Index.
## Valuation Concerns
SGX trades at 26 times forward earnings versus a 10-year average of 22 times and 16 times for the Straits Times Index benchmark.
## Citi Cuts Earnings
Citi reduced SGX earnings estimates and warned sluggish iron-ore trading could weigh on derivative fees.
## SGX Shares Fall
SGX shares dropped 2.1% on Monday after a 7% decline in the previous session.
## Key takeaway

Singapore Exchange shares dropped $4.2 billion in value after analysts criticized its high valuation multiples.