The combined $401m in daily turnover for the 30 stocks was up 62%.
This chart from the SGX shows that Singapore’s 30 actively traded stocks that were recipients of the highest net institutional inflows over the first eight months of 2020 currently make up 17% of the $815b in total stock market capitalisation and contributed 26% of the daily stock market turnover over the period.
The combined $401m in daily turnover for the 30 stocks was up 62% from $247m for the same 30 stocks in 2019. The strongest performing stocks were Medtecs, AEM and Synagie Corporation.
The stocks saw combined net institutional inflows of $1.38b over the first eight months of the year whilst posting a comparatively defensive median 0% total return.
As many as 19 of the 30 stocks were also recipients of net institutional inflows in 2019, with the 30 stocks seeing combined inflows of $638m that year.
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