Singapore's billionaire stocks rose 23.1% YTD
Out of the 105 top stocks, 47 are from real estate.
Singapore's 105 billionaire stocks, or those with a market cap of over $1b, made 23.1% total returns YTD, the Singapore Exchange (SGX) revealed.
According to its market updates, across the 105 stocks, about 47 are from the real estate sector which averaged 25.5% total return YTD.
The top billionaire performers for the quarter represented eight sectors including the five cyclical sectors and three defensive sectors: healthcare, telecommunications and utilities.
This is different to the stocks that made up the top 20 YTD, which were represented by the five cyclical sectors of information technology, consumer discretionary, industrials, real estate, and financials.
"This means that gains in the quarter to date have been more broad-based, and not limited to the cyclical sectors," SGX said.
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