Singapore’s mid-to-small cap stock market, comprising nearly 150 companies with market capitalisations between $100m and $1b, has seen significant influence from the technology sector. Over the past eight weeks, technology stocks have contributed $14m, or 35%, to the $40m average daily trading turnover, according to the latest data from the Singapore Exchange (SGX).
Among the top 10 most traded companies in this group are four technology firms: AEM Holdings, Frencken Group, UMS Integration, and CSE Global. Notably, UMS Integration and CSE Global also ranked among the top 10 stocks with the highest net institutional inflow, alongside Valuetronics.
PC Partner Group, a manufacturer of computer electronics, has achieved the second-highest year-to-date price gain among the mid-to-small caps, with a 72.6% increase. The company is expected to report its FY24 results by 28 February, projecting a net profit of at least HK$250m, a substantial rise from approximately HK$60m in FY23. This growth is attributed to strong demand for new video graphics cards and reduced marketing expenses.
The technology sector’s impact on Singapore’s mid-to-small cap stocks highlights the growing importance of tech companies in the market. As PC Partner Group plans to expand its presence in Southeast Asia, including moving its global headquarters to Singapore, the sector’s influence is likely to continue shaping the market dynamics.
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