The MSCI Singapore Micro Cap Index is designed to measure the performance of the micro cap segment of the Singapore market.
It has 195 constituents.
See: Renamed Totm Technologies sees potential in digital identity industry
The index represents some US$12.7 billion of the free float market capitalization of the Singapore equity universe.
“We are looking forward to the inclusion of the company in the index as this is a key milestone that will enhance Totm Technologies’ trading liquidity and increase its visibility among global investors,” says Pierre Prunier, CEO & executive director of Totm Technologies.
“We endeavour to step up our engagement with the investment community and promote Totm Technologies’ value proposition as a leading expert in Identity Management Solutions, especially in the space of digital on-boarding and digital ID. In the post-Covid-19 scenario, the global digital identity solutions market size is projected to grow from US$23.3 billion in 2021 to US$49.5 billion by 2026, representing a CAGR of 16.2% from 2021 to 20262 and the group is poised to tap on this favourable trend,” Prunier adds.
Shares in Totm Tech closed 0.8 cent higher or 4.40% up at 19 cents on Nov 12.
Photo: Albert Chua/The Edge Singapore
