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The stocks posted a combined $200m in daily trading turnover.
The 20 most traded manufacturing stocks averaged a 4% decrease in 2022, bringing the average yearly total returns since the end of 2019 to 13%, according to the Singapore Exchange (SGX).
In a statement, the bourse said it recorded a combined $200m in daily trading turnover in the 2022 year to date.
Amongst the top 20 most traded manufacturing stocks are Wilmar International, Yangzijiang Shipbuilding, ST Engineering, Venture, ThaiBev, AEM, UMS, First Resources, Sembcorp Marine, Frencken, NIO Inc, Nanofilm, Olam Group, Riverstone, Jiutian Chemical, Top Glove, ISDN, Aztech, Japfa, and Haw Par Corporation.
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SGX said medical and tech firms were the top manufacturing stocks in the past week.
Specifically, NIO Inc. reported an 18% gain in the previous week, with the tradability of the stock generating nearly 20% weekly trading ranges since its debut on 20 May.
“NIO Inc’s stock has seen average intraday swings in the vicinity of 660 basis points (bps) between its day-high and day-lows over the past 26 sessions, with the widest trading range of 1135 bps on 20 June and the narrowest range on 28 May at 171 bps (excluding the debut session),” SGX said.
Medical firms of Singapore’s manufacturing-related stocks logged gains amidst the government’s surveillance on the BA.4 and BA.5 variants as well as the average daily global cases that crossed above the 600,000 cases on Thursday, up from the 466,000 low on 30 May.
“This saw Riverstone Holdings and Top Glove Corp Bhd average 6% returns for the week. Catalist listings, UG Healthcare Corp and Medtecs International Corp, which in the year-to-date rank outside the most 20 trading manufacturing related stocks, averaged 8% gains for the week,” the bourse explained.
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