The FTSE ST Small Cap Index now comprises 81 stocks with a full market capitalisation of $31.5 billion. Before the September semi-annual review the index consisted of 99 stocks.
Within the size segments of the FTSE ST All-share Index, small cap companies had the best performance in September with the FTSE ST Small Cap Index up 7.02%, followed by the FTSE ST Mid Cap Index gaining by 3.64%. The FTSE ST All-Share Index gained 1.86% in September.
In the 12 months ending with the last trading session of September, the FTSE ST Small Cap Index had gained 20.80%. In comparison, the STI had seen a gain of 14.40% in the same period
Stocks with smaller market capitalisation can sometimes be considered to be more volatile in comparison to larger peers. According to FTSE Group, in the past three years, the FTSE ST Small Cap Index has a volatility of 19.39% in contrast to the same measure for the Straits Times Index (STI) at 14.71%. This is based on annualised weekly log returns. However, looking at the volatility gauges for the past 12 months, volatility is reported to be 14.19% for the FTSE ST Small Cap Index versus 15.18% for the STI. The latter, 12 month gauge is based on annualised daily log returns.
Below is a table detailing the ten largest stocks of the FTSE ST Small Cap Index. These ten stocks together make up 38.23% of the Small Cap Index.
|
Company |
SGX Code |
ICB Subsector |
Index Weight (%) |
Indicated Dividend Yield (%) |
12-mth Total Return (%) |
|
LionGold |
A78 |
Electronic Office Equipment |
5.02 |
NA |
33.91 |
|
Cache Logistics Trust |
K2LU |
Industrial & Office REITs |
4.68 |
6.50 |
41.24 |
|
Ezion Holdings |
5ME |
Oil Equipment & Services |
4.59 |
0.08 |
180.53 |
|
Cambridge Industrial Trust |
J91 |
Industrial & Office REITs |
4.07 |
7.26 |
51.82 |
|
Frasers Commercial Trust |
ND8 |
Industrial & Office REITs |
4.03 |
5.61 |
57.74 |
|
Sabana Shariah Compliant REIT |
M1GU |
Industrial & Office REITs |
3.92 |
7.96 |
46.24 |
|
AIM AMP Capital Industrial REIT |
O5RU |
Industrial & Office REITs |
3.36 |
6.87 |
55.53 |
|
United Engineers |
U04 |
Heavy Construction |
2.98 |
2.01 |
48.74 |
|
Ascendas Hospitality Trust |
Q1P |
Hotel & Lodging REITs |
2.93 |
NA |
3.41 |
|
Cityspring Infrastructure Trust |
A7RU |
Speciality Finance |
2.65 |
7.37 |
21.47 |
Source: FTSE Group and Bloomberg
The 5 outperformers of the FTSE ST Small Cap Index in September were Yoma Strategic Holdings (+30.26%), Ausgroup (+29.49%), Ezion Holdings (+27.49%), Midas Holdings (+20.00%) and SC Global (+19.80%). These outperformers, in addition to the 5 underperformers of September are tabled below.
|
Company |
SGX Code |
ICB Subsector |
Index Weight (%) |
September Performance (%) |
Indicated Dividend Yield (%) |
|
Yoma Strategic Holdings |
Z59 |
Heavy Construction |
1.28 |
30.26 |
0.71 |
|
Ausgroup |
5GJ |
Business Support Services |
1.29 |
29.49 |
1.14 |
|
Ezion Holdings |
5ME |
Oil Equipment & Services |
4.59 |
27.49 |
0.08 |
|
Midas Holdings |
5EN |
Aluminum |
2.05 |
20.00 |
1.74 |
|
SC Global |
D2S |
Real Estate Holding & Development |
1.05 |
19.80 |
1.62 |
|
China Animal Healthcare |
EP4 |
Pharmaceuticals |
1.11 |
-3.70 |
2.25 |
|
LionGold |
A78 |
Electronic Office Equipment |
5.02 |
-6.05 |
NA |
|
Oceanus Group Ltd |
579 |
Farming & Fishing |
0.52 |
-7.27 |
NA |
|
Hu An Cable Holdings |
KI3 |
Electrical Components & Equipment |
0.18 |
-9.03 |
5.43 |
|
Rotary Engineering Ltd |
R07 |
Industrial Machinery |
0.66 |
-12.12 |
4.60 |
Source: FTSE Group and Bloomberg
My Gateway
SGX’s investor education portal with market, product and investment information and events. Sign up now at www.sgx.com/mygateway to receive our investment updates and economic calendar.
