1H26 SMID Turnover Growth Outpaced Market Returns

sgx.com07-01

The 240 Singapore small and mid-cap (SMID) stocks with market capitalisations ranging from S$100 million to S$10 billion as of 30 June generated a combined S$696 million in average daily turnover (ADT...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n1H26 SMID Turnover Growth Outpaced Market Returns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-01 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.sgx.com/research-education/market-updates/20260701-1h26-smid-turnover-growth-outpaced-market-returns><strong>sgx.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The 240 Singapore small and mid-cap (SMID) stocks with market capitalisations ranging from S$100 million to S$10 billion as of 30 June generated a combined S$696 million in average daily turnover (ADT...</p>\n\n<a href=\"https://www.sgx.com/research-education/market-updates/20260701-1h26-smid-turnover-growth-outpaced-market-returns\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4011","symbol_name":"建筑材料","start_time":0,"source_url":"https://www.sgx.com/research-education/market-updates/20260701-1h26-smid-turnover-growth-outpaced-market-returns","article_id":"2648223522","we_media_id":null,"thumbnails":[],"rights":{"source":"sgx_market_highlight","url":"https://www.sgx.com/research-education/market-updates/20260701-1h26-smid-turnover-growth-outpaced-market-returns","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2648223522","pubTimestamp":1782835200,"columns":[],"sourceInfo":{"source_id":"sgx_market_highlight","name":"SGX Research"},"weMediaInfo":null,"summary":"The 240 Singapore small and mid-cap (SMID) stocks with market capitalisations ranging from S$100 million to S$10 billion as of 30 June generated a combined S$696 million in average daily turnover (ADT","collect":0,"end_time":0,"defaultTopTitle":"sgx.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4011":"建筑材料","SGXZ24219693.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC","CFA":"VictoryShares US 500 Volatility Wtd ETF","E28.SI":"福根集团有限公司","BK6073":"工业机械","SRT.SI":"CSOP S-REITs INDEX ETF","BK4192":"特殊消费者服务","JJJ.SI":"Lion-Nomura Japan Active ETF","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","BK6504":"工业制品概念","CFA.SI":"NikkoAM-STC Asia REIT","SRU.SI":"CSOP iEdge SREIT ETF US$","SGXZ43160589.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC","SMID":"SMITH-MIDLAND CORP","ADT":"Adt Inc.","CLR.SI":"LION-PHILLIP S-REIT","GLS.SI":"Lion SG Phy Gold S$","BK4165":"安全和报警服务"},"translate_title":"1H26 SMID营业额增长超过市场回报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA":0.8,"CFA.SI":0.9,"E28.SI":0.8,"JJJ.SI":0.6,"SRU.SI":0.6,"GLS.SI":0.6,"CLR.SI":0.6,"SRT.SI":0.6,"SMID":1.5,"ADT":1},"content_text":"The 240 Singapore small and mid-cap (SMID) stocks with market capitalisations ranging from S$100 million to S$10 billion as of 30 June generated a combined S$696 million in average daily turnover (ADT) in 1H26, while averaging 13% total returns.  Trading activity strengthened across three consecutive half-year periods, with ADT for SMIDs listed prior to the past 12 months rising from S$362 million in 1H25 to S$459 million in 2H25 and S$663 million in 1H26, while new listings contributed S$41 million in 2H25 and S$33 million in 1H26. Institutional net buying was selective in 1H26, with technology and industrial stocks dominating the 40 companies that recorded the highest net institutional inflow relative to market cap. The strongest inflows relative to size were recorded by AEM, Info-Tech Systems, Frencken, ISDN, Beng Kuang Marine, Aoxin Q & M Dental, and Nanofilm. 1H26 SMID Participation Growth Outpaced Share Price GainsThe 240 Singapore small and mid-cap (SMID) stocks with market capitalisations ranging from S$100 million to S$10 billion as of 30 June generated a S$696 million average daily turnover (ADT) run rate in 1H26. SMIDs listed prior to the past 12 months accounted for S$663 million of average daily turnover, while the IPO and secondary fundraising cohort over the past 12 months contributed the balance from their respective listing and fundraising dates. Trading activity strengthened across three consecutive half-year periods. ADT for constituents already listed prior to the past 12 months increased from S$362 million in 1H25 to S$459 million in 2H25 and S$663 million in 1H26. The increase in trading activity exceeded the pace of share price appreciation over the same period. ADT for SMIDs listed prior to the past 12 months increased 83% between 1H25 and 1H26, pointing to stronger investor participation and deeper liquidity rather than solely higher share prices. AEM Holdings exemplified this trend. The stock generated a 519% total return in 1H26, comprising a 518% share price gain and a S$0.013 dividend. While its share price increased from S$1.72 to S$10.63 over the period, its average daily trading volume also increased from 2.9 million shares in 1H25 to 3.8 million shares in 2H25 and 6.6 million shares in 1H26, according to Bloomberg. This provides an example of trading activity expanding alongside rising valuations.The IPO and new secondary listing cohort over the past 12 months included Info-Tech Systems, Lum Chang Creations, Centurion Accommodation REIT, Concord New Energy, China Medical System Hldgs, Soon Hock Enterprise Holding, Infinity Development Holdings, AvePoint, NTT DC REIT, Yangzijiang Maritime Development, JustCo Holdings, Ultragreen.AI, MetaOptics, Toku, Coliwoo Holdings and UI Boustead REIT. These new listings saw combined ADT run rates of S$41 million in 2H25 and S$33 million in 1H26.  Technology Attracts S$560 Million of SMID Institutional InflowsInstitutional buying was selective in 1H26. Across the 240 SMIDs, the 37 S-REITs booked net institutional outflow in 1H26 as global rate outlooks turned more hawkish. The remaining 203 SMIDs booked S$473 million in net institutional inflow in 1H26, with the 24 SMIDs representing the technology sector booking S$560 million in net institutional inflow. Technology and industrial stocks dominated the 40 companies with the highest net institutional inflow relative to market capitalisation, reflecting investor preference for semiconductor, engineering, aviation, infrastructure, and digitalisation-related exposures. The strongest net institutional inflows relative to market capitalisation in 1H26 were recorded by AEM Holdings, Info-Tech Systems, Frencken Group, ISDN Holdings, Beng Kuang Marine, Aoxin Q & M Dental Group and Nanofilm Technologies International. In absolute dollar terms, institutional inflows were led by AEM Holdings, SATS, Frencken Group, UOB Kay Hian Holdings, UMS Integration and PC Partner Group.The table below lists the 40 SMIDs that recorded the highest net institutional inflow in 1H26 relative to their market capitalisation as at 30 June. SMIDCode1H25 ADT S$M 2H25 ADT S$M 1H26 ADT S$M Mkt Cap S$M1H26 NIF S$M  1H26 NIF/ Current Mkt Cap 1H26 TR %12M TR %Sector AEM AWX4.096.5437.783,396398.4511.7%519 610  Technology FrenckenE282.866.2317.001,28799.1 7.7%120 144  Technology ISDNI070.260.423.1433021.926.6%87 132  Technology Beng KuangBEZ0.150.490.861428.3 5.8%50 161  Industrials Aoxin Q & M1D40.000.332.5028316.335.8%46 550  Healthcare NanofilmMZH0.861.7610.3578844.6 5.7%108 89  Technology PC PartnerPCT0.110.174.991,12150.224.5%239 168  Technology Micro-Mechanics5DD0.040.150.9839617.7 4.5%79 82  Technology ValueMaxT6I0.060.310.9084337.564.5%-8 53  Consumer Cyclicals Nam Lee MetalG0I0.090.150.201616.604.1%8 67  Consumer Cyclicals ValuetronicsBN20.500.811.5444516.0 3.6%27 58  Technology UOB Kay HianU100.902.034.083,62297.9 2.7%47 81  Financial Services OiltekHQU0.350.932.6063917.142.7%120 173  Industrials BousteadF9D0.431.321.911,03525.6 2.5%18 50  Industrials Tiong WoonBQM0.050.170.372365.7 2.4%32 67  Industrials Huationg Global41B0.050.120.381293.0 2.3%27 140  Industrials MoneyMax Fin5WJ0.030.130.9572616.4 2.3%69 177  Consumer Cyclicals UMS5582.918.1425.492,35451.5 2.2%135 157  Technology SATSS5815.4113.8222.276,691142.572.1%19 52  Industrials Aztech Gbl8AZ0.860.452.1967514.2 2.1%53 80  Technology CNMC Goldmine5TP1.076.418.424549.3 2.1%10 180  Materials & Resources China AviationG920.472.013.231,57432.182.0%13 106  Industrials Landmark REITD5IU0.010.100.091192.261.9%-22 -26  REITs Chuan HupC330.010.110.062113.981.9%4 53  Real Estate (excl. REITs) Hong FokH300.230.550.7774612.761.7%14 29  Real Estate (excl. REITs) Koh BrosK750.030.160.581362.091.5%16 61  Industrials Taka Jewellery42L0.010.030.201111.581.4%57 77  Consumer Cyclicals AIMS APAC ReitO5RU1.062.842.721,31818.071.4%10 30  REITs Prime US REITOXMU0.640.750.443004.1 1.4%-17 5  REITs Food EmpireF031.142.904.191,56520.2 1.3%22 61  Consumer Non-Cyclicals Ley ChoonQ0X0.210.220.621371.8 1.3%17 37  Industrials InnoTekM140.070.602.091732.0 1.2%5 67  Technology Pan UnitedP520.260.650.8394410.5 1.1%19 63  Materials & Resources JEP1J40.000.020.172522.731.1%126 139  Industrials Baker TechnologyBTP0.020.020.021000.920.9%1 -6  Energy/ Oil & Gas Straits TradingS200.110.240.347907.020.9%7 13  Materials & Resources Heeton5DP0.020.030.011150.960.8%-8 -10  Real Estate (excl. REITs) GSHBDX0.010.070.224123.4 0.8%-4 7  Industrials ASL MarineA040.040.700.872982.4 0.8%4 389  Industrials UOLU148.1414.0618.208,06664.9 0.8%12 58  Real Estate (excl. REITs) Source: SGX, Data as of 30 June 2026, Note ADT is Average Daily Trading Value, NIF is Net Institutional FlowEnjoying this read?Subscribe now to our SGX My Gateway newsletter for a compilation of latest market news, sector performances, new product release updates, and research reports on SGX-listed companies.Visit SGX Data Desk for direct access to SGX analytics and historical market data.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2648223522","isCrawlerRequest":true}