29 most traded SGX stocks book double-digit returns

Companies in the maritime and offshore services sectors led the gains. 

Singapore’s 100 most traded stocks have seen mixed returns with 29 players already recording double-digit total returns so far this year.

Data from the Singapore Exchange showed the 29 outperformers were keeping pace with the 10.6% total return of STI for the year ended 17 July.

Maritime and offshore services companies led the gains. The top five most traded stocks were Beng Kuang Marine, Mermaid Maritime, Yoma Strategic, Yangzijiang Shipbuilding and Samudera Shipping. 

“Bolstered by moderately higher oil prices…. and the anticipation of a gradual recovery in global trade, the sector has demonstrated resilience. It has also been a robust component of Singapore's manufacturing sector over recent years, further supported by long-term sustainability initiatives,” the SGX said.

Meanwhile, 21 of the 100 most active stocks suffered from double-digit declines during the same period.