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Manufacturing and trade sectors show signs of recovery in August

The electronics segment is expected to boost the manufacturing sector in H2.

The manufacturing and trade sectors showed signs of improvement in August, SGX reported.

Singapore’s manufacturing sector is expected to gradually recover in H2 2024, led by electronics which sees increased demand for smartphone, PC, and AI-related chips.

According to S&P Global’s July ASEAN Manufacturing PMI Report, the start of the third quarter saw expectations for the next 12 months reach a four-month high.

In addition, since 6 August, the iEdge SG Adv Manufacturing Index has rebounded 5%, recovering most of the declines in the first week of the month. 

Despite generating a flat total return in the 2024 year to 28 August, the combined trading turnover of the constituents is up 10% from 2023, reaching $223m in daily share transactions. 

Through 28 August, the top-performing actively traded stocks in the iEdge SG Adv Manufacturing Index were SATS, UG Healthcare, Medtecs Intl, ThaiBev, Willas-Array, China Sunshine, PacificRadiance, SIA Engineering, Emperador Inc, and ST Engineering.

Six of the 10 actively traded stocks that led the Index for the period also led the rebound from the 6 August lows. These included UG Healthcare, Medtecs Intl, SATS, PacificRadiance, ThaiBev, and ST Engineering.

Notably, ST Engineering, SATS, and ThaiBev were the three stocks of the Index that booked the highest net institutional inflow for the month.

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