, Singapore
Photo via Samudera Shipping Line's website

Which Small Cap Index industrial stocks performed best YTD?

The top stock recorded a 14% gain in the 2024 YTD.

Samudera Shipping Line reported a 14% gain in 2024 year-to-date (YTD), positioning itself as the strongest performer in the FTSE ST Small Cap Index Industrial Stocks. 

In FY23, Samudera Shipping Line reported a robust financial performance, with revenue reaching US$583m, up from US$527m in FY21 and US$348m in FY20. 

The company also reported a higher gross profit of US$108.9 in FY23, 69.4% higher than the previous year.

Seven companies represent the industrial sector in the index, with each reporting an average daily trading turnover (ADT) ranging from $60,000 to $3.0m a day.

Amongst the seven stocks, COSCO SHIPPING International (Singapore) Co has seen a significant increase in its average daily turnover (ADT) this year, with the ADT up fivefold from its 2023 ADT. 

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley