Tech, S-Reits among 30 most traded non-STI stocks in H2 to date

[SINGAPORE] Tech stocks and Singapore real estate investment trusts (S-Reits) are among the 30 most traded stocks outside the blue-chip Straits Times Index, booking a combined S$214 million in average daily turnover (ADT) for the second half of 2025 to Dec 3.

Around 15 per cent, or S$34 million, of the combined ADT over this period was chalked up by mainboard debutants Yangzijiang Maritime , NTT DC Reit and (CAReit).

Yangzijiang Maritime listed on Nov 18, NTT DC listed on Jul 14, and CAReit listed on Sep 25.

The remaining 27 stocks that were listed for the full duration of the first half of the year saw their combined ADT rise from S$115 million in the first half of this year to S$180 million in the second half of 2025, said the Singapore Exchange (SGX) in its market update on Thursday (Dec 4).

The 30 most traded non-STI stocks have also “kept pace” with the STI, boasting a median total return of 25 per cent in the period under review, the local bourse said.

Those 30 stocks have a combined market capitalisation of S$74.4 billion and represent all 12 sectors.

These include the industrials, financial services and consumer sectors.

These are the top 10, arranged by average daily turnover:

S-Reits dominate volume

S-Reits had the “strongest presence” on the next 30 list, said SGX.

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The sector accounts for the highest combined market capitalisation (S$19.5 billion) and the highest combined ADT for the second half of 2025 (S$53.1 million) among the next 30 stocks.

There are seven Reits featured in the list: Suntec Reit , Keppel Reit , CapitaLand Ascott Trust , Lendlease Global Commercial Reit , Parkway Life Reit , and debutants NTT DC Reit and CAReit.

Tech sector momentum

While S-Reits anchored the group by market value, the technology sector provided the growth momentum in liquidity.

Among the 30 stocks, the five technology counters recorded a combined ADT of S$44.4 million in H2 of 2025, representing a 2.4 times increase from their S$18.8 million ADT in the first half of the year.

Leading the charge were CSE Global , iFast Corporation and Frencken Group , which booked the highest net institutional inflow proportionate to market capitalisation among the cohort over this period.

CSE Global, in particular, led the net institutional inflow-to-market cap ratio among all SGX-listed stocks valued above S$100 million, SGX said.

Its ADT also grew from S$1 million in 2024 to S$1.4 million in H1 2025, before surging to S$5.8 million in H2 2025.

On Nov 11, CSE Global reported 9 per cent year-on-year revenue growth for the first nine months of FY25, having secured S$513 million in new orders.

Notably, the company announced a partnership with Amazon in November this year.

The deal involves contracts worth up to US$1.5 billion over five years, and could potentially give Amazon an 8 per cent stake in the firm.

The consensus target price for CSE Global has doubled this year from S$0.60 to S$1.20.