Now almost into February, the Straits Times Index (STI) has appreciated 3.2% in January to date. The STI is made up of 30 of the biggest listings on Singapore Exchange (SGX). Other Indices that are assigned Mainboard stocks based on size, otherwise referred to as capitalisation, are the FTSE ST Mid Cap Index, the FTSE ST Small Cap Index and the FTSE ST Fledgling Index.
As observed through the relative performance of the Indices, the indices of smaller stocks have outperformed in the month to date. That is, the STI gained 3.2%, Mid Cap Index gained 3.9%, Small Cap Index gained 7.8% and the Fledgling Index gained 12.5%. Over the month to date, the Small Cap Index and Fledgling Index have seen more gains in trading volume than the STI and Mid Cap Index. While the indices of the smaller stocks have outperformed, they have ......