Consumer staples sector reigned in 2016

It surged 25.8% overall - with 10 biggest stocks of the sector averaging total returns of 28.9%

Published Tue, Jan 3, 2017 · 09:50 PM

Singapore

WITHIN the Straits Times Index (STI), Singapore's consumer staples sector proved to be the strongest performing sector.

Beyond the 30 stocks of the STI, the segment was also the strongest within the entire Singapore stock market, said a Singapore Exchange (SGX) report.

Materials and information technology which generated capitalisation-weighted total returns of 17.3 per cent and 14.5 per cent respectively, were the next two best performing sectors last year outside of the 30 STI stocks.

Over the 12-month period, all of Singapore's key Global Industry Classification Standard (GICS) sectors generated gains, with energy posting the smallest gains of 0.9 per cen…