, Singapore

Manufacturing stocks maintain gains in Q1

The higher returns are reflecting the increased confidence of investors in the economy.

The top 20 most traded manufacturing-related stocks have contributed greatly to the combined daily turnover for all companies and trusts listed in the Singapore Exchange (SGX).

The top manufacturing-related stocks contributed an approximate $292m, or 20%, of the $1.46b for all listed trusts and companies from the start of 2021 through until April 6.

They also generated 15% median gains during the period of January 1 to April 6, lower than the 56% median gains in 2020.

Despite this, the symmetric growth across multiple manufacturing-related sectors reflected more investor confidence in the economy. These sectors include Consumer Non-Cyclicals, Industrials, Healthcare, Materials and Resources, and Technology.

The five stocks representing the Industrial Sector saw a combined $201 m of net institutional inflows. Inflows from Yangzijiang Shipbuilding, Sembcorp Mining, SATS and ISDN managed to tmake up for the net institutional outflows from ST Engineering.

The Technology sector remained strong. Nanofilm Technologies International, UMS Holdings, AEM Holdings, and Frencken Group are among the most actively traded manufacturers with the highest net institutional inflows.

Despite not being a part of the top 20 manufacturing-related stocks, Fu Yu Corporation recorded the largest net institutional inflows in all listed stocks in the SGX for the period.

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