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SGX's 20 biggest IT stocks averaged 8.3% year-to-date returns
THE 20 largest SGX-listed active Information Technology (IT) stocks averaged an 8.3 per cent total return in the year thus far, said a Singapore Exchange My Gateway report published on Tuesday.
This brought their three-year returns to 48.6 per cent.
The 20 IT stocks, which have a combined market capitalisation of S$7.5 billion, currently maintain an average dividend yield of 4.6 per cent.
"In comparison, the FTSE Asian Sector Technology Index, which comprises Asian companies categorised to the Technology industry, generated a marginal decline in the month of November. This takes the Index's year-to-date return to a negative 7.5 per cent," said the SGX report.