Singapore’s mid-cap stocks, with market capitalisations between S$1b and S$3b, have experienced a significant rise in trading activity in the first quarter of 2025. These stocks have collectively attracted S$71m in net institutional inflows, contrasting with the broader market’s net institutional outflow of S$1.4b. The average daily turnover for these stocks has increased by 35% to S$67m, compared to S$50m in 2024.
Amongst the mid-cap segment, Yangzijiang Financial Holding, UOB Kay Hian Holdings, and Frasers Hospitality Trust have seen the most notable increases in trading activity. Yangzijiang Financial’s average daily turnover surged to S$14.1m from S$2.4m in 2024, with its share price gaining 61% and net institutional inflow reaching S$94.3m. The company reported a 51% increase in FY24 attributable net profit, driven by diversified asset allocation and gains from Singapore fund investments.
UOB Kay Hian Holdings also saw its average daily turnover rise to S$0.73m from S$0.21m in 2024. The company reported a 32% increase in FY24 attributable net profit, with commission and trading income up by 26%.
Frasers Hospitality Trust’s average daily turnover increased to S$1.33m from S$0.40m in 2024. The trust is actively seeking yield-accretive opportunities, particularly in Japan, despite challenges such as foreign exchange rates and interest rate outlooks.
The mid-cap stocks have averaged a 2% total return in 2025, following a 15% return in 2024, with a return-on-equity ratio of 6.7% and an indicative dividend yield of 4.8%. As the market progresses, these stocks continue to attract attention due to their robust performance and strategic initiatives.“`
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