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Oiltek International among Singapore shares that surged in 2024
The Straits Times
|December 28, 2024
It is up more than 370%; other local stocks have had a good year besides banking trio
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Singapore shares have had a very good year, as they outperformed many of their regional peers.
That performance has mostly been on the back of heavyweights such as the three banks, which soared to record highs.
The benchmark Straits Times Index (STI) surged to a 17-year high on Nov 8.
So far in 2024, the most-traded stocks on the STI include DBS Bank, OCBC Bank and UOB as well as Seatrium and Singtel, based on data from the Singapore Exchange (SGX).
The top most-traded 100 stocks had total returns of 11 per cent in the first five months of the second half of 2024, indicated SGX.
"This has also coincided with stronger economic momentum in both Singapore and the Asean region," it added.
But what are some of the stocks that surged and may have fallen under the radar?
This story is from the December 28, 2024 edition of The Straits Times.
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