Olam, Frencken lead most traded stocks rally in August
DBS, Singtel, and OCBC are the most traded stocks for the first eight months of the year.
Olam, Frencken, and Yangzijiang Shipbuilding are the top three most traded stocks during the ghost month, data from SGX showed.
This was followed by First Resources, UMS, Yinda Infocomm, Sarine Tech, Yanlord Land, AEM, and ESR-REIT.
Olam and First Resources had total returns of 24.4% and 8.1%, respectively, driven by high global commodity prices in the agricultural sector.
“The strength in agricultural stocks has been on the back of a rise in global commodity prices in August, with Malaysia crude palm oil futures trading at major highs in August, bringing its year to date price gain to 18%. Raw cane sugar futures also returned to February 2017 highs,” the SGX said.
Meanwhile, it attributed the strength of Yangzijiang Shipbuilding to the re-opening of the Ningbo-Zhoushan port that month.
Yinda Infocomm, Sarine Technologies, and Yanlord Land also posted strong revenue in August.
The top ten most traded stocks for the first eight months of 2021 are DBS, Singtel, UOB, OCBC Bank, Yangzijiang Shipbuilding, Singapore Airlines, Wilmar International, Ascendas REIT, CapitaLand Integrated Commercial Trust, and CapitaLand.