Global consumer non-cyclical stocks are strongest performing so far: SGX

These stocks were led by Genting Singapore and Golden Agri.

Since the US bank turmoil began from March to May, the global consumer non-cyclical stocks have ranked amongst the three strongest performing sectors in the early months of 2023, SGX said.

The top 20 most traded consumer-focused stocks over the past 17 weeks span 12 non-cyclical stocks and eight cyclical stocks, based on the bourse’s analysis. 

Both the 12 non-cyclical stocks and eight cyclical stocks booked combined net institutional inflow over the 17 weeks, led by Genting Singapore and Golden Agri-Resources.

Over the past three months, Genting Singapore ranked as Singapore’s most traded consumer stock whilst booking the highest net institutional inflow across the local stock market and posting a 17% total return.