Chart of the Day: Top 5 FTSE China stocks hit average returns of 17.9% in January
Water utilities firm SIIC environment recorded a 21.8% return in January YTD.
This chart from the Singapore Exchange (SGX) shows that the FTSE China Index’s five best performers saw average returns of 17.9% YTD in January. Their 1Y and 3Y returns hit -22.2% and 83.7%, respectively.
Water utilities firm SIIC Environment saw the highest YTD returns of 21.8% YTD in January. This was followed by China Aviation Oil (+21.7%), Geo Energy (+17.9%), Hi-P (+14.1%), and Yanlord Land (+13.9%), the local bourse noted.
Also read: Utility stocks start strong with 17% average returns in 2019 YTD
Meanwhile, the five least-performing constituents of the index for the same period include Sino Grandness (-56.9%), Delong Holdings (-8.6%), Metro Holdings (-1.5%), Wilmar International (+3.8%), and Hutchison Port Holdings Trust (+5.6%).
SGX noted that data from the World Bank shows that China is Singapore’s major trading partner, accounting for approximately 15% of Singapore’s exports, whilst Hong Kong accounts for another 12%-13%.
“The World Bank expects a further slowdown in the world’s second-largest economy this year, as headwinds increase amidst heightened trade tensions,” SGX said.