Vallianz Holdings: Improved operating profits helped boost third-quarter earnings at Vallianz by 26.2 per cent. The offshore support vessel owner and operator on Monday announced a net profit of US$5.9 million (S$7.8 million) for the three months to Dec 31, up on the US$4.7 million in the same period a year earlier. Earnings per share was unchanged at 0.13 US cent. Shares of the group closed at 1.3 Singapore cents last Friday.

This came on the back of India's announcement that its national stock exchanges will stop providing data feeds to foreign rivals, and eventually halt the trading of offshore derivatives tied to India's benchmark indices such as the Nifty 50, as part of a concerted move to prevent trading volumes from moving overseas.

SGX, which offers the popular SGX Nifty 50 index futures, was busy soothing market participants over the weekend. In a statement on Sunday, the SGX said that the market for its entire India suite of products will open and operate as per normal on Monday.

OCBC analyst Carmen Lee said that the termination of Nifty licensing could result in a "knee-jerk reaction on SGX's shares this morning", along with some downgrades that could dampen SGX's share price for the near term.

"SGX has indicated that it would work on new product developments to help offset this adverse impact. We are not adjusting our earnings, as we await more information from the company on new products," the broker said.