,Singapore

Things you need to know about SGX's top traded Catalist energy and iron ore plays

The top three companies’ market cap is close to $1.2b.

Rex International Holding, Fortress Minerals, and Southern Alliance Mining were the three most traded energy and iron ore plays listed on Catalist, with a combined market capitalisation of $1.2b

The three stocks have seen a combined average daily turnover of $4.8m a day in 2020 to 17 May.

An established producer of high-grade iron ore products in Malaysia, Southern Alliance Mining’s share price has gained 211.1% in the 2021 year to 17 May, closing the session at a share price of $1.12c.

Fortress Minerals, a high-grade iron ore concentrate producer based in Malaysia, has seen its share price rally 123.3% in the same year to $0.67 cents.

Meanwhile, Rex International has generated a 17.8% price gain in the 2021 year through to 17 May, closing the 17 May session at $17.2c per share. Since Rex International was listed on Catalist in July 2013, the group has achieved four offshore discoveries that span one in Oman and three in Norway.

According to the Singapore Exchange, recent gains in commodity prices have been attributed to a number of economic factors, including structural re-pricing on last year’s decline in the US dollar, increasing complex geopolitical tensions and a wave of nationalistic stockpiling, not to mention the prevalence of stimulus measures, whilst at the same time much of the world expecting a significant growth recovery.

“Given a large portion of commodities involve industrial processes upstream from consumer-facing businesses, their demand has been less impacted by the global social and economic lockdowns to contain COVID-19,” SGX said in its market update.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Thanks to the renewal of interest in the Singapore market.
The electronics cluster showed the most optimism.
The initiative aims to improve the overseas service exports environment.
This is the group’s 2nd sustainability notes issuance in the SGD bond market.
A Jefferies report said Singapore banks have enough buffers.
HongkongLand, CapitaLandInvest, and ComfortDelGro showed the most growth.
Mizuho Securities Asia Limited will be the notes dealer.
The company’s first batch has been fully allocated in the country.
The total consideration of up to $539m over three years will take effect. 
This is to address the increased global demand for healthcare products.
Thanks to the company's improved distribution channels.
Hiring activities online increased by 55.7% in August.
CapitaLandInvest, Capland IntCom T, and Sembcorp Industries showed the most growth.
This low turnout is due to the large quantum of the project, experts say.