Five Most Active STI Stocks Averaged 11% Returns in last 12 Months
Noble Group, Singapore Exchange, ComfortDelGro, Ascendas REIT and Keppel Corp were the five most active component stocks in the Straits Times Index (STI) in the month-to-date.
These five constituent stocks averaged total returns of 10.8% over the past one year, and 3.0% in the year thus far. This compares the STI’s total return of 11.7% over the past 12 months.
Noble Group reached its 12-month low, and A-REIT hit a 12-month high, two weeks ago, while SGX formed a 12-month high last week.
Noble Group, Singapore Exchange, ComfortDelGro Corporation, Ascendas REIT and Keppel Corporation were the five most active component stocks in the Straits Times Index (STI) by turnover velocity in the month-to-date.
These five STI constituents averaged total returns of 10.8% over the past one year, and 3.0% in the year-to-date. This compared to the STI’s total return of 11.7% over the past 12 months. These five stocks also offer an average dividend yield of 3.6%, which compares with the yield of the Singapore Fixed Income Index (SFI) at 2.98%.
Corporate activity and news were factors that drove the five constituent stock prices to year-lows and year-highs over the past month. Noble Group shares declined to their 12-month low on 10 April after Muddy Waters, the research firm founded by short seller Carson Block, published a report questioning the company’s cash flow and management. Noble has since issued statements declaring it has no liquidity problems. A-REIT hit a 12-month high on 10 April after completing the sale of a property – 26 Senoko Way – to JTC Corp. for S$24.8 million. SGX shares reached their 12-month high on 15 April, buoyed by rumours it was in the process of establishing a stock trading link along the lines of the Shanghai-Hong Kong Stock Connect. The exchange subsequently denied these rumours in a statement.
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These five constituent stocks averaged total returns of 10.8% over the past one year, and 3.0% in the year thus far. This compares the STI’s total return of 11.7% over the past 12 months.
Noble Group reached its 12-month low, and A-REIT hit a 12-month high, two weeks ago, while SGX formed a 12-month high last week.
Noble Group, Singapore Exchange, ComfortDelGro Corporation, Ascendas REIT and Keppel Corporation were the five most active component stocks in the Straits Times Index (STI) by turnover velocity in the month-to-date.
These five STI constituents averaged total returns of 10.8% over the past one year, and 3.0% in the year-to-date. This compared to the STI’s total return of 11.7% over the past 12 months. These five stocks also offer an average dividend yield of 3.6%, which compares with the yield of the Singapore Fixed Income Index (SFI) at 2.98%.
Corporate activity and news were factors that drove the five constituent stock prices to year-lows and year-highs over the past month. Noble Group shares declined to their 12-month low on 10 April after Muddy Waters, the research firm founded by short seller Carson Block, published a report questioning the company’s cash flow and management. Noble has since issued statements declaring it has no liquidity problems. A-REIT hit a 12-month high on 10 April after completing the sale of a property – 26 Senoko Way – to JTC Corp. for S$24.8 million. SGX shares reached their 12-month high on 15 April, buoyed by rumours it was in the process of establishing a stock trading link along the lines of the Shanghai-Hong Kong Stock Connect. The exchange subsequently denied these rumours in a statement.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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