SGX reveals five most traded tech stocks in 2020

The five stocks saw $70m a day in combined daily trading turnover.

Singapore’s five most traded technology stocks over the first nine weeks of 2021 have been AEM Holdings, Venture Corporation, UMS Holdings, ISDN Holdings and Nanofilm technologies International, according to Singapore Exchange.

“Sector drivers identified across the FY21 outlooks of the five technology stocks included increased demand for industrial automation, accelerating chip sales and increased competition, while in multiple instances, diversification strategies and value chain management remain corporate objectives,” SGX said.

AEM reported the most growth for FY 2020 with 85%. It was followed by Nanofilm (68%), ISDN (59%), and UMS (9%). Venture reported an 18% decline with Q4 FY20 net profit up 8% QoQ.

The five stocks together saw close to $70m a day in combined daily trading turnover whilst averaging 16% price gains. Their average 12-month total return is 87%.

The past performance of the five stocks outpaced the top quartile of global technology stocks by market value which have generated a 4% median return in the 2021 year-to-date, bringing their average 12-month return to 33%.
  

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