The iEdge Singapore Next 50 Liquidity Weighted Index has outperformed the Straits Times Index (STI) with a 9.7% total return in 2026 through to 16 April, compared to STI’s 8.9%. This performance highlights the growing influence of technology stocks within the index. UMS Integration and iFAST Corporation, leading the technology sector, have weights of 5.6% and 5.0%, respectively, contributing to technology’s 19% share of the index.
The index’s 50 constituents have seen a 43% increase in average daily turnover, reaching S$275m, and a rise in median price-to-book ratio from 1.05x to 1.23x. This liquidity-driven approach contrasts with traditional market capitalisation methods, allowing stocks with consistent trading activity to hold greater index weight.
UMS Integration exemplifies this trend, with its weight in the liquidity index at 5.6%, compared to 2.4% in the market capitalisation index. This reflects its sustained traded value and participation, particularly in the AI-driven semiconductor sector, where it has invested over S$155m in recent years.
The index’s composition, weighted by six-month median traded value, showcases where market attention is concentrated, rather than just company size. As technology and digital infrastructure sectors grow, they are increasingly shaping the liquidity landscape, alongside traditional real estate investment trusts (REITs). This shift underscores the evolving dynamics of Singapore’s mid-cap market.
