Five healthcare firms join 100 most active stocks amidst nCov outbreak

Medtecs International Corporation’s rank skyrocketed from 268 in 2019 to 39 in 2020 YTD.

Five healthcare stocks entered the top 100 most actively traded stocks in 2020 YTD as their turnover ranks and total returns skyrocketed, according to an SGX report.

Amongst the five, Medtecs International Corporation held the 39th spot (formerly ranked 268th) with a total return of 430% in 2020 YTD. It was followed by Trendlines at rank 74, UG Healthcare at 85, Riverstone at 90, and Healthway Med at 95.

Integrated healthcare product and services provider Medtecs International Corporation hit an average daily turnover of $7.9m a day for the 19 sessions in January.

Meanwhile, the Trendlines Group recorded an average daily turnover of $1.9m over the same period, whilst disposable glove manufacturer UG Healthcare Corporation recorded $1.3m. Specialised cleanroom products firm Riverstone Holdings posted $1.1m of average daily turnover, whilst Healthway Medical Corporation posted $983,600.

These five healthcare stocks are amongst the 18 that joined SGX’s top 100 most actively traded stocks in 2020 YTD, averaging a total return of 34% over the same period, compared to 25% in 2019.

Of the 18 stocks, the three that have seen the highest net institutional inflows during this period include BRC Asia, Fu Yu Corporation and Prime US REIT. These three stocks have averaged a 5% return in the month-to-date.