Newly launched iEdge Singapore Next 50 Index posts 18% return in H2 to date

[SINGAPORE] The new iEdge Singapore Next 50 Index has made a strong debut, generating an 18 per cent indicative total return in the second half of 2025 thus far, the Singapore Exchange (SGX) reported on Wednesday (Nov 5).

The total return was calculated based on indicated levels of the index prior to its launch. Top gainers on the index from Jun 30 to Tuesday include real estate portal PropNex and investment holding company Hong Leong Asia .

Launched on Sep 22, the index tracks the 50 largest Singapore-listed companies after those in the Straits Times Index (STI). It is intended to raise the visibility of small and mid-cap stocks beyond the 30 STI constituents, and is part of broader efforts by the authorities to build a more vibrant and inclusive local stock market.

The 50 constituents, which have a total market capitalisation of S$88 billion, have seen a significant uptick in trading. Average daily turnover (ADT) for these stocks reached S$165 million in H2 to Tuesday, a substantial increase from the S$107 million ADT recorded by constituents listed in 2024.

Key performers and sector strength

Several counters have been pivotal to the iEdge Singapore Next 50 Index’s performance.

PropNex and Hong Leong Asia were not only among the five highest gainers for the period, but also led a group of stocks with the highest proportional increase in trading activity this year. This group also includes Banyan Tree , China Sunsine Chemical Holdings , and UOB-Kay Hian Holdings .

The six technology stocks in the index collectively booked S$179 million in net institutional inflow in H2 to Tuesday. This was overwhelmingly led by iFast , with S$120 million, and CSE Global , with S$39 million. All six counters posted gains, generating an average total return of 29 per cent for the period.

Diverse strategies underpin growth

SGX said the strong performance across the iEdge Singapore Next 50 Index has been supported by “diverse growth strategies” implemented by its constituent companies.

The bourse operator highlighted in particular the strategies of the top 10 constituents that have seen the biggest increase in turnover this year.

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For example, SIA Engineering expanded its regional footprint with a new joint venture in Cambodia and extended operations in the Philippines and Malaysia.

PropNex, meanwhile, benefited from earlier investments in proptech solutions.

Further, China Sunsine Chemical Holdings’ majority shareholder, Success More Group, completed its first strategic share sale since the counter’s 2007 initial public offering. It sold 42 million shares for S$27.7 million to institutional and high-net-worth investors.