In a surprising shift within the Singapore stock market, more than 20 stocks outside the top 100 by market capitalisation have emerged as significant players in trading activity this year. These stocks, spanning the Industrials, Technology, and Energy sectors, have collectively achieved an average daily turnover (ADT) of $31.3m (S$42.9m), despite a combined market cap of $5.95b (S$8.15b).
Industrials, Technology, and Energy stocks make up nearly 80% of this group, reflecting global trends such as infrastructure demand, AI adoption, and a pivot towards renewable energy. Notable performers include CNMC Goldmine, Oiltek International, Parkson Retail, and LHN, which have seen substantial increases in trading activity in the second half of 2025 compared to the first half, as well as year-on-year growth.
The list of 22 stocks includes 10 constituents of the FTSE ST Mid & Small Cap Index and seven from the iEdge Next 50 Index. Despite their smaller market caps, these stocks are attracting significant institutional flows, with a net inflow of $96.7m (S$132.35m) recorded in 2025. CSE Global leads with $23.5m (S$32.10m) in net institutional inflow, followed by Geo Energy Resources and Wee Hur Holdings.
This trend highlights the growing interest in smaller-cap stocks, which are increasingly seen as viable investment opportunities. Looking forward, the ability of these sectors to maintain their trading momentum will depend on the resolution of trade policy uncertainties and the potential for new trade agreements, as noted by the International Monetary Fund.
