Manufacturing stocks among biggest movers

Creative Technology CEO Sim Wong Hoo with his company's newest product, the Super X-Fi, in March. Creative was among the biggest intraday movers in the three months spanning March to May, according to a Singapore Exchange market update.
Creative Technology CEO Sim Wong Hoo with his company's newest product, the Super X-Fi, in March. Creative was among the biggest intraday movers in the three months spanning March to May, according to a Singapore Exchange market update.PHOTO: CREATIVE TECHNOLOGY

Creative and Memtech among five generating average daily ranges of 4% from March to May

Five stocks linked to manufacturing were among the biggest intraday movers in the three months spanning March to May, averaging daily price ranges of more than 2.5 per cent, according to a Singapore Exchange market update.

The counters, which are not part of the Straits Times Index (STI), were AEM Holdings, Memtech International, Creative Technology, Best World International and Delong Holdings.

Over the three months, the five stocks generated average daily ranges of 4 per cent. They represent businesses with manufacturing-related activities. These span handling and test solutions, component solutions, consumer electronics, health products and HRC Steel.

Meanwhile, the 30 constituents of STI consistently generated median daily swings of 1.5 per cent, between the stock's daily high and the daily low price for the three months.

Another manufacturing stock - Hi-P International - also ranked among the top 10 non-STI counters with the largest intraday tick ranges for two of the months, while generating average daily price ranges of 5 per cent, the report said.

A version of this article appeared in the print edition of The Straits Times on June 12, 2018, with the headline 'Manufacturing stocks among biggest movers'. Print Edition | Subscribe