Small, mid-cap stocks ride MAS liquidity boost
FTSE ST Mid and Small Cap Index rises 9% in third quarter of FY2025 to Aug 12, from 1.8% in first half of fiscal year
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[SINGAPORE] The Republic’s small and mid-cap stocks are gaining fresh momentum, buoyed by initiatives from the Monetary Authority of Singapore (MAS) to deepen the equity market and broaden investor participation.
On Jul 21, MAS announced it will inject S$5 billion into Singapore equities through its Equity Market Development Plan (EQDP). The first tranche – a combined S$1.1 billion – was allocated to Fullerton Fund Management, JP Morgan Asset Management and Avanda Investment Management.
These measures are already showing results, said analysts. Smaller counters, long overshadowed by large caps, are attracting institutional flows and trading at stronger valuations as liquidity improves.
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