S'pore market cap grows 3.8% in April

THE total market capitalisation of the Singapore stock market rose 3.8 per cent month-on-month to close at $950.7 billion yesterday, its highest since May last year.

However, against the year-ago value of $957 billion, the size of the Singapore market declined 0.7 per cent, according to data compiled by The Business Times.

Growth during the month was led by the larger stocks. The combined market cap of the top 10 per cent of stocks by market value grew by 3.98 per cent over the month, while the smallest 10 per cent of stocks registered just 0.3 per cent of growth.