The Singapore stock market has its fair share of doubters, especially since the STI‘s overall returns in the past 5 years is pretty underwhelming. In comparison, the S&P 500 has returned investors more than 100% over the past 5 years:
But the overall market performance doesn’t accurately reflect the performance of individual stocks. And investors continue to invest in SGX listed stocks.
According to SGX Gateway’s latest report, the Singapore stock market is valued at S$800 billion, of which the top 100 traded stocks make up S$622 billion or 70% of the overall value!
In their report, they had tabulated the top 100 most traded stocks by turnover, year to date (YTD) (2021). I extracted the top 10 based on their past 9 months total returns (the data was recorded on 30 Sep 2021.)
10) Sarine Tech (SGX:U77): 62% return...