Consumer non-cyclical sector emerges as the most defensive segment in SG

Over the past 10 weeks, 41 stocks in SG generated positive total returns.

Only 41 of the 200 most traded Singapore stocks this year generated positive total returns over the past 10 weeks, data from the SGX showed.

Of the 41, seven stocks were under the Consumer Non-Cyclicals sector. The stocks of the consumer non-cyclical sector that generated positive gains over the 10 weeks included Catalist-listed Zixin and Mainboard-listed Golden Agri-Resources, QAF, Food Empire, Delfi, First Resources and Bumitama Agri.

The industrials and technology sectors also rose as definitive segments, represented by six and five stocks, respectively.

In Asia Pacific, however, telecommunication stocks were generally the most defensive segment over the 10 weeks.

In Singapore, the trio of Singapore Telecommunications, NetLink NBN Trust and StarHub averaged a 0.2% total return, led by StarHub’s 7.3% total return.

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