S-Reits key driver of market turnover in 2019: SGX

Singapore

IT WAS a year of milestones for Singapore real estate investment trusts (S-Reits) as well as stapled and property trusts. Not only did they hit a record in secondary fundraisings and outpace the broader market, they also contributed a quarter of the total day-to-day turnover of Singapore's stock market, despite only making up 12 per cent of the total stock market capitalisation at the end of 2019.

A report by the Singapore Exchange (SGX) on Monday said that the 35 S-Reits, six stapled trusts and two property trusts contributed 24 per cent of the day-to-day turnover of Singapore's stock market, while maintaining a combined market value of S$111.9 billion, out of the total market cap of S$937.8 billion of the total universe at the end of the year.