Mid-cap stocks attracted $71m in net institutional inflows YtD.
Trading activity in Singapore's mid-cap stocks surged in the first quarter of 2025, with average daily turnover (ADT) rising 35% to $67m, up from S$50 million in 2024, according to SGX.
Mid-cap stocks, defined as those with a market capitalization between $1b and $3b, attracted $71m in net institutional inflows YtD. In contrast, the broader market recorded $1.4b in net institutional outflows.
Among the top-performing stocks, Yangzijiang Financial Holding (YZJ Financial) saw the greatest increase in trading activity, with its ADT jumping from $2.4m in 2024 to S$14.1 million in 2025.
The stock also posted a 61% gain in share price and recorded $94.3m in net institutional inflows, the highest in the segment. Other stocks with notable trading volume increases included UOB Kay Hian Holdings and Frasers Hospitality Trust.
The mid-cap segment also maintained an average Return on Equity (ROE) of 6.7%, with Sheng Siong, StarHub, and CapitaLand India Trust leading in profitability. Sheng Siong, in particular, retained a 26.7% ROE, supported by 4.5% revenue growth in FY24, driven by new store openings and increased same-store sales.
Real estate and financial services stocks continued to attract strong investor interest, with Frasers Hospitality Trust seeing its ADT climb to $1.33m from $400,000 in 2024. Meanwhile, ParkwayLife REIT and Paragon REIT also recorded positive trading trends.
As Singapore's mid-cap stocks posted a 2% total return in 1Q25, following a 15% total return in 2024, analysts suggest that investor interest in financial services, technology, and REITs is likely to persist throughout the year.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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