Top 30 stocks by turnover outpaced STI in 8M19

These companies saw returns of 11.5% compared to the benchmark’s 4.8%.

Singapore’s 30 most actively traded stocks with the highest turnover figures outpaced the benchmark STI with average total returns hitting 11.5% which are more than double the STI’s 4.8%, according to an SGX report.

Six of the 30 stocks are non-STI constituents, including Mapletree Logistics Trust, Suntec REIT, Mapletree Commercial Trust, Mapletree North Asia Commercial Trust, AEM Holdings and Mapletree Industrial Trust. These six firms have outperformed the STI as well, with average total return of 27.8%.

In terms of turnover, DBS Group topped the leaderboard, with total return of 8.3% in 8M19. It was followed by Singtel, United Overseas Bank, OCBC, Ascendas REIT with returns of 11.7%, 6.6%, -1.3% and 23.1% respectively. Yangzijiang Shipbuilding, Genting Singapore, CapitaLand, CapitaLand Commercial Trust and CapitaLand Mall Trust rounded out the top ten.

SGX noted that AEM Holdings made it to the top 30 by turnover despite only ranking as the top 200 stock in terms of market cap. Similar turnover rankings that came in significantly ahead of market cap rankings were observed with Hi-P International, UMS, Rex International, First REIT & Valuetronics.

Even the top 31 to 40 stocks by turnover nearly doubled the return of STI in the first eight months of 2019 with total return of 9.4%.

These stocks are identified to be UOL Group, SATS , Sembcorp Marine, Frasers Logistics & Industrial Trust, Keppel REIT, NetLink NBN Trust, Sembcorp Industries, Hi-P International, Keppel DC REIT and Dairy Farm Int’l Holdings.