Aztech leads April tech stocks rally

The demand for hardware drove a 6.4% price gain in Singapore's top ten most traded technology stocks.

Aztech Global was the strongest performer among the top ten most traded technology stocks in April, according to the Singapore Exchange.

Ranked, the top ten most traded technology stocks are Aztech Global, CSE Global, Nanofilm, Fu Yu, ISDN, Valuetronics, Frencken, Venture, UMS and AEM.

These stocks averaged a 6.4% price gain from the beginning of April to April 26.

Aztech Global shone with a 35.6% gain, while AEM dipped by -1.4%, conciding with $17m of net retail inflows over the 17 trading sessions covered by the time period.

SGX noted that the demand for semiconductors and electronic components drove the technology sector in the beginning of the year.

"This has seen the Hardware and Semiconductor side of Technology stocks outpace the software side, both in Asia Pacific and across the globe In the 2021 year to 26 April," SGX said.

The Singaporean stocks outpaced global sector leaders by 4.5% month-to-date, and by 19.8% year-to-date.