Chart of the Day: Big 10 industrial stocks averaged 7.1% returns in September
Sembcorp Marine’s total returns hit 21.4%.
This chart from the Singapore Exchange (SGX) shows that the 10 biggest industrial stocks saw an average total returns of 7.1% in September.
Meanwhile, a string of comparatively larger capitalised stocks achieved a total returns in September that exceeded 5%. This included Keppel Corp (+6.6%), Singapore Tech Engineering (+6.6%), Sembcorp Industries (+13.2%), ComfortDelGro (+6.1%), Yangzijiang Shipbuilding (+15.9%) and Sembcorp Marine (+21.4%).
According to SGX, Jardine Matheson Holdings and Jardine Strategic Holdings which make up more than half of the sector’s combined market capitalisation generated an average decline of 0.7% in September.
“This meant that the market capitalisation-weighted return of the Industrials Sector was weighed down by these two stocks in September,” SGX explained.
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