MARKETS & INVESTING, STOCKS | Staff Reporter, Singapore

SGX's industrial stocks amassed institutional flows of $189.9m YTD

ComfortDelGro led the pack with a YTD total return of 18.1%.

The industrials sector was found to be the top net buy sector in April, garnering net institutional flows of $189.9m, data from the Singapore Exchange (SGX) revealed.

SGX, which lists more than 200 stocks in the industrial sector, found that the 10 largest capitalised industrial players have a combined market cap of more than $160b, and are categorised to industrial sub-segments such as airport and transport services, air freight and logistics, engineering, defence, infrastructure, manufacturing, as well as offshore and marine services.

Amongst the 10, the best performing stock was ComfortDelGro in terms of total returns with 18.1%, followed by ST Engineering with 14.7% and Yangzijiang Shipbuilding at 13.4%. Together, the trio averaged a YTD total return of 15.4%.

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