Technology Sector Led Market Gains in April & YTD
Information Technology (IT) was the best performing of Singapore’s Sectors in the 2017 YTD. The IT Sector generated a 4.9% capitalisation weighted total return in April, taking YTD gains to 33.3%. April was the third consecutive month the IT Sector was the best performing. The largest stock of Singapore IT Sector, Venture Corp reported 1Q17 results on Friday, with net profit up 36% YOY to S$48.6 million. Among the 10 largest stocks of Singapore’s IT Sector, Elec & Eltek International Co was the best YTD performer.