Singapore Blue Chip Stocks to capitalize on rising momentum
Singapore stocks have been one of the more resilient performers since the start of 2022, with the Straits Times Index (STI) STI up a commendable 8%, one of the best stock market performers not just in the region, but on a global scale, an achievement that we have not seen for a pretty long time.
Only time will tell if that momentum can persist for the rest of 2022.
The stocks that composed of the STI are the 30 largest companies listed on the Singapore Exchange.
Source: SGinvestors.io
Of these 30 blue-chip companies, the best performers on a 1-year basis are Sembcorp Industries with a YTD return of 47%, followed closely by Yangzijiang Shipbuilding at 44% and DBS Group rounding up the Top 3 1-year performers with a return of 40%.
The Top 3 laggards on a YTD basis are Thai Beverage (-21%), Keppel DC Reit (-28%), and Dairy Farm (-35%)
Do note that the information above has been retrieved from SGinvestors.io...