, Singapore

100 top traded stocks surpass STI benchmark

Individually, two-thirds of these stocks also outpaced the STI figure.

Singapore’s 100 most actively traded stocks by turnover have outpaced the STI benchmark with an average total return of 23.5%, an SGX report revealed. The STI has generated an 8.6% total return YTD.

These stocks were also the combined recipient of $1.1b in net institutional inflows, which were led by five STI stocks. These are Singtel, SGX, Wilmar Intl, CapitaLand and ThaiBev, which averaged total returns of 32%. The consumer goods sector accounted for two of these stocks, with the Sector also largely attributing to last month’s expansion in the Global Manufacturing PMI.

Exactly two-thirds of the 100 stocks have surpassed the STI, having total returns above 8.6%.

The STI figure is said to be in-line with its 9.2% average annualised total return for the preceding 10 years going into 2019. For much of the year, the US Dollar Index continued to build on its gains in 2018, which coincided with the regional FTSE ASEAN All-Share Index generating a 6.0% total return in 2019 YTD.

Amongst the top 100 stocks, the 10 strongest performances in same period were generated by non-STI stocks including, Global Invacom Group, Catalist-Listed Rex International Holding, AEM Holdings, Frencken Group, Sunpower Group, UMS Holdings, Hi-P International, Keppel DC REIT, Ascendas Hospitality Trust and Sasseur.  

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