Technology ranks as strongest sector in July: SGX

This is the fifth time it dominated the market over the past year.

The Information and Technology sector shone the brightest in the month of July, SGX MyGateway reported.

According to the SGX's investor education portal, the sector has a combined market capitalisation of $12.6b, with Venture Corporation being the largest stock of the sector.

"For the first seven months of 2017, the IT Sector’s indicative capitalisation-weighted total return came to 47.7%. By comparison, the Straits Times Index (STI) had generated a total return of 17.6% over the first seven months of 2017," SGX MyGateway said.

Over the past 12 months, the sector ranked the strongest amongst others a total of five times. Total returns within the sector sat at 5.3% in the said month.

The next best-performing segments of Singapore’s stock market were the banking sector, the materials sector and the real estate management & development sector.