STI total returns reach 19.1% YTD

Banking and real estate made up 70% of the STI.

The total returns of the Straits Times Index (STI) rose to 19.1% YTD following a 3.2% gain over the first five sessions in November, an SGX report revealed.

During this period, SGX reported that the STI saw increased contributions from its largest sectors, with banking and real estate making up 70% of the index.

Top performers included DBS, UOB, and OCBC, with non-interest income rising 33% year-on-year in Q3FY24.

The three banks maintained net interest income above $8b for the eighth consecutive quarter.

YZJ Shipbuilding remains the strongest gainer, averaging strong returns as it prepares to join the MSCI Singapore Index on 25 November.

The two STI-tracking exchange-traded funds (ETFs) have combined assets under management of $2.5b, with secondary market turnover of $200m as of early November.

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