SINGAPORE - The eight Singapore-listed stocks under the enlarged CapitaLand group generated higher average returns than their regional and global peers in the year to date , while also significantly outpacing broader benchmarks, the Singapore Exchange said on Thursday .
Each of the eight Capitaland group stocks also outperformed the average and median total returns of the 100 largest capitalised APAC real estate stocks YTD.Comprising real estate company CapitaLand Limited, five real estate investment trusts , one hospitality trust and one business trust, the new unified entity has a combined market capitalisation of $53 billion.
The eight stocks accounted for close to 12 per cent of the average daily turnover on the Singapore bourse in 2019 YTD. Aside from generating strong investor returns in the year to date, all eight stocks have provided short-term trading opportunities for the more active and experienced investors, said SGX. They averaged at least 1 per cent swings between their intraday highs and lows on a daily basis for the 12 months to June 2019, said the bourse operator.