Trading Activity in Technology Stocks Soars
* The 19 June trading session saw $Venture(V03.SI) as the fifth most actively traded company with S$91M in turnover. $AEM(AWX.SI), $Hi-P(H17.SI), $UMS(558.SI), $Creative(C76.SI) & $Valuetronics(BN2.SI) also ranked in the top 40 companies by turnover.
*These stocks make up six of the 10 largest capitalised Technology stocks listed on SGX that generated a median decline of 8% in the 2018 YTD, following median gains of 93% over 2017. The SIPMM Electronics Cluster PMI is now at 52.3, down 0.9 from the end of 2017.
*Technology is touted as a key driver of U.S. growth. The Trump Administration estimates 5G will potentially create up to 3 million new American jobs and generate US$500 billion a year in economic growth. This is akin to a 2.5 percentage point increase in U.S. GDP.
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