Seasonal awakening for SGX cyclical stocks

Singapore

WITH the rotation into cyclical plays, Singapore's six cyclical sectors have averaged a market-cap weighted 27.3 per cent price gain so far this year, compared to an average 0.7 per cent decline for the five defensive sectors.

Data from the Singapore Exchange (SGX) showed that as at Sept 22, the information technology (IT) sector led the sector performance rankings since March with a market-cap weighted 60 per cent price gain. In the same year-to-date period, the Straits Times Index (STI) gained 11.8 per cent.