Shares of Singapore Exchange (SGXL.SI), Asia’s second-largest bourse by market capitalisation, opened 0.52% higher on Monday after it announced it posted a 13% fall in fourth quarter net profit.

At around 9:04 a.m., SGX shares were traded at $7.69, up 0.39%, with over 95,000 shares changing hands.

SGX earned $79.6 million in the three months ended June 30, down from $91.2 million a year earlier, but said prospects were good. The profit was in line with the median estimate of $80 million of five brokers surveyed by Reuters.

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