Average year-to-date return of 8.3% for SGX's IT heavyweights

Singapore

THE 20 largest active Singapore Exchange-listed 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.