Singapore Exchange (SGX) data show that the 30 most traded stocks outside the Straits Times Index in the second half of 2025 spanned all 12 sectors and carried a combined market capitalisation of S$74.4 billion.
SGX said average daily turnover for this cohort jumped to S$214 million in 2H25 from S$115 million in 1H25 for the 27 stocks that were listed across both halves of the year, underscoring a marked lift in market liquidity beyond the headline STI names.
Among the 30 counters, three were debutants, Yangzijiang Maritime, NTT DC REIT and Centurion Accommodation REIT (CAREIT) which together accounted for S$34 million of 2H25 ADT.
The cohort delivered a median total return of about 25% for the year to December 3, roughly matching the STI’s performance, while median price to book multiples expanded from 1.22 times on 30 June to 1.56 times on December 3.
Seven Singapore-listed REITs featured prominently, with a combined market value of S$19.5 billion and 2H25 ADT of S$53.1 million.
The REIT group recorded net institutional outflows of S$135 million in 2H25, largely driven by post-listing redemptions at the two new trusts, NTT DC REIT and CAREIT, which together accounted for S$127 million of the net outflow.
Suntec REIT, Lendlease Global Commercial REIT and Keppel REIT bucked the trend by attracting institutional inflows while delivering total returns of about 23–25% in 2H25.
Technology names posted the second-largest aggregate ADT in the 30, rising to S$44.4 million in 2H25, more than double the S$18.8 million recorded in 1H25. CSE Global, iFAST Corporation and Frencken Group led the pack on net institutional inflow relative to market capitalisation.
CSE Global in particular saw ADT surge to S$5.8 million from S$1.4 million in 1H25, following 9 per cent year-on-year revenue growth for 9MFY25, S$513 million in order wins and a strategic partnership with Amazon that could generate up to US$1.5 billion in contracts over five years and potentially give Amazon an 8% stake.
Winners among the broader set included CNMC Goldmine, which posted the strongest 2H25 total return at 156 per cent, and PropNex, which gained 82 per cent as institutional interest increased.
Other notable movers were Hong Leong Asia, Sheng Siong and ParkwayLife REIT, each recording double-digit 2H25 returns amid sector-specific drivers.
SGX noted that research coverage on the 30 stocks increased through the period, with multiple analyst initiations and updates published on the exchange’s Analyst Research portal.
The full table of the 30 most traded non-STI counters, with ADT, net institutional flows and total return metrics, is available on SGX’s website for investors seeking deeper detail.
