Most traded manufacturing stocks averaged 16% YTD return: SGX

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

DESPITE global headwinds, eight most actively traded manufacturing stocks in Singapore averaged a 16 per cent year-to-date (YTD) return in 2019 as at Oct 4, and received more than S$510 million in net institutional inflow combined during this period, the Singapore Exchange (SGX) said in a research note on Monday. Read more at The Business Times.

DESPITE global headwinds, eight most actively traded manufacturing stocks in Singapore averaged a 16 per cent year-to-date return in 2019 as at Oct 4, and received more than S$510 million in net institutional inflow combined during this period, the Singapore Exchange said in a research note on Monday.

"Just as manufacturing contributes at least 20 per cent to Singapore's GDP , eight of Singapore's 40 top stocks by turnover over the first nine months of 2019 maintained a manufacturing focus," SGX noted. For AEM Holdings and Hi-P International, both stocks saw similar net institutional inflow totalling S$25 million for the first nine months of 2019. AEM Holdings previously reported that as at Sept 12, the company had received sales orders worth S$280 million for delivery in the financial year ending Dec 31. Its management has also revised its revenue range upwards to between S$285 million and S$305 million for FY2019, versus revenue of S$262 million for FY2018.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US stocks end lower as market awaits trade talksNEW YORK: Wall Street stocks finished lower on Monday (Oct 7) following a choppy session as the market fluctuated with shifting signals on the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »