, Singapore

IT is SGX's top-performing sector for Q1

Quarterly total return reaches 25.5%.

Information technology (IT) is Singapore Stock Exchange’s best-performing sector for the first quarter of 2017, generating a capitalisation weighted total return of 10.9% in March to bring its total for the quarter to 25.5%.

According to a report from My SGX Gateway, Institutional inflows to the sector reached $26.9m for the month of March. All 10 of the largest capitalised stocks of the sector, led by Venture Corporation, also generated gains over the quarter.

Returns ranged from +4.3% for GP Industries to +48% for TPV Technology, with Return on Equity averaging at 14.2% over the past 12 months and the indicative dividend yield of 4%. Venture Corporation, which has a market capitalisation of $3.209b, posted a total return of 16.1%. 

Aside from IT, the five best-performing sectors include Materials (24.4), Real Estate Management and Development (19.5%), Industrials (16.4%), and Energy (15.3%). Only Healthcare registered a decline at -2.6%.
 

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