• More than 60 of Singapore’s 300 most traded stocks this year added to their 1H24 gains in July. This included as many as nine STI constituents, with the majority of the 60+ stocks representing the Industrials, Consumer and Technology sectors. The group of 60+ stocks also include six Catalist-listed stocks. 
• Half of the 60+ stocks have also booked net institutional inflow over the 7 months. Multi-Chem, SATS, Singtel, Civmec, Kim Heng, Accrelist, Great Eastern, Dyna-Mac, Venture, Azeus and Hock Lian Seng saw the most acceleration in net institutional inflow in July compared to 1H24 inflow, while averaging 12% price gains for the month. 
• Among the 60+ stocks, Pan-United, 5E Resources, Beng Kuang, Azeus, Multi-Chem and Dyna-Mac also saw average daily turnover (ADT) more than double over the 7 months compared to 2023 levels. On July 30, Pan-United reported a 7% YoY 1HFY24 revenue increase to S$385 million, bolstered by Singapore's robust construction sector, with a net attributable profit rise of 22% to $19 million, despite higher costs and depreciation expenses. 

Over 60 of Singapore's most traded stocks, including nine STI constituents and six Catalist-listed stocks, primarily from the Industrials, Consumer, and Technology sectors, built upon their first-half gains in July. Notably, companies like Multi-Chem, SATS, Singtel, and others experienced a significant uptick in the pace of net institutional inflow for the month. 

Additionally, stocks such as Pan-United and Azeus saw their average daily turnover (ADT) more than double compared to last year, with Pan-United reporting a 1HFY24 (ended 30 Jun) 7% year-on-year revenue increase to S$384.7 million and a 22% rise in net attributable profit, despite facing higher costs and depreciation expenses. Azeus Systems Holdings also achieved a record-breaking FY24 (ended 31 Mar) with a 68.3% net profit increase to HK$85.0 million and a 30.0% revenue boost to HK$328.9 million, driven by the Azeus Products segment's expansion and strategic investments, despite a slight dip in gross profit margin.

The 63 stocks among the 300 most traded stocks this year that built upon their first-half gains in July are tabled below. The stocks are ranked by the highest average daily turnover (ADT) over the 7 months.

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