, Singapore

10 most traded tech stocks averaged 3.8% gains in the past week: SGX

SGX also recorded a combined $32m of net institutional inflows.

The 10 most traded technology-related stocks averaged 3.8% gains last week whilst booking a combined $32m of net institutional inflows, capital market firm, Singapore Exchange, said.

This after the more semiconductor-related stocks of AEM Holdings, UMS Holdings, Frencken Group, ISDN Holdings and Grand Venture Technology averaged 4.4% gains in the past week whilst the Straits Times Index was flat.

Venture Corporation posted the highest net institutional inflows for the week, followed by manufacturer, Singapore Technologies Engineering.

The Lion-OCBC Securities Hang Seng Tech exchange traded fund (ETF), meanwhile, became the most traded ETF counter last week with $9.3m, representing 22% of total ETF market trading turnover.

In the Asia-Pacific region, SGX said technology stocks also logged the strongest gains in close to 40 weeks.

“Like their global peers, regional technology stocks are on average trading at a 20%-25% discount to their end-2021 earnings multiples,” it said.

Follow the links for more news on

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!