Listed utility firms' returns hit 13.2% in July

The three top-performing stocks had total returns of 19.9%.

Singapore’s utility sector registered a total return of 13.2% for the first seven months of 2019 and garnered $11m of net institutional inflows from May to July 2019, SGX Research revealed.

SGX’s five largest capitalised utility plays – Keppel Infrastructure Trust, CITIC Envirotech, China Everbright Water, China Jinjiang Environment and SIIC Environment Holdings – have a combined market capitalisation of more than $5b.

In 7M2019, the three largest, best-performing utility stocks were: China Jinjiang Environment (+30.4%), China Everbright Water (+16.6%) and Keppel Infrastructure Trust (+12.6%). The trio averaged a total return of +19.9% over the period.

SGX’s Utilities Sector saw a new addition in July 2017 with the Catalist listing of Union Gas Holdings. Union Gas is an established provider of fuel products in Singapore, with over 40 years of operating track record in the business of Retail LPG, CNG and Diesel.