In the early part of the second quarter of 2025, ten of the most actively traded stocks on the Singapore Exchange (SGX) have defied a general market downturn, achieving impressive double-digit percentage returns. Despite the Straits Times Index (STI) experiencing a 1.1% decline in total return through to 7 May, these stocks have averaged a 14% total return, effectively doubling their year-to-date performance to 28%.
The standout performers include CNMC Goldmine, Food Empire, Sheng Siong, Singtel, Hongkong Land, ST Engineering, Frasers Hospitality Trust, Geo Energy Resources, Jardine Matheson, and Top Glove Corp Bhd. These stocks have been buoyed by net institutional inflows, reflecting investor confidence in their resilience amidst global economic challenges.
The broader market context reveals that institutions have net bought S$92m in stocks, whilst retail investors have been more active, purchasing S$904m worth of stocks. The Telecommunications and Industrials sectors have seen the most significant institutional inflows, whereas the STI Banks and Technology sectors have experienced outflows.
The global economic landscape remains uncertain, influenced by ongoing trade negotiations and potential tariff scenarios. The Federal Reserve has indicated that future interest rate decisions will be data-driven, adding to the market’s cautious outlook.
As global investors focus on economies with robust domestic demand, Singapore’s strong fiscal position and banking sector resilience are highlighted by the International Monetary Fund (IMF) as key strengths. This positions Singapore well to navigate potential challenges and opportunities in the coming months.
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