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. 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

You may also like...

Bitnami