Singapore Hot Stocks-SGX falls on poor earnings expectation

SINGAPORE, March 17 (Reuters) - Shares of bourse operator Singapore Exchange fell as much as 6.02 percent to a near 12-month-low of S$6.39 with 11.4 million shares traded, on expectation of weak earnings, dealers said.

"The higher the trading volume, the higher the revenue for SGX. And since volume is expected to be weak, the market expects them to report weaker earnings. The share price could go lower than S$6," a dealer from a local brokerage said.

0631 GMT - Straits Times Index down 1.23 percent.