It maintains a price-to-earnings (P/E) ratio of 16 times and a price-to-book (P/B) ratio of 1.0 times.
The index is not exclusive of the Straits Times Index (STI), with 14 mutual constituents that maintain market capitalisations ranging from $11.4 billion for Yangzijiang Shipbuilding to $3.3 billion for Frasers Logistics and Commercial Trust.
With total constituents at 74, this means the index includes 60 non-STI stocks.
Excluding trusts, companies make up 34 of the 60 non-STI constituents of the FTSE ST Mid & Small Cap Index. Together, these companies have averaged a 15% total return from July 1 to Aug 12, with 33 gainers to one decliner.
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The market cap of these 34 companies varies from $3.9 billion for Olam Group to $216 million for Yoma Strategic Holdings. The 34 stocks currently represent close to 30% of the near 120 companies within that existing bracket of market cap.
During the period, the index saw 11 stock constituents gain for every one that declined. PropNex led with a 52% gain over the period, which saw its share price rise from $1.08 to $1.64.
In addition, PropNex has seen its average daily turnover (ADT) surge four times y-o-y in 2025 to $1.16 million.
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The share price surge was likely in part due to PropNex doubling its attributable net profit y-o-y to $42.3 million in 1HFY2025 ended June 30, as reported on Aug 12.
Year to Aug 12, the 74 constituents of the FTSE ST Mid & Small Cap Index have collectively seen $423 million of shares change hands each day as gauged through ADT.
Among 20 index stocks with the biggest increase in ADT since June, City Developments (CDL) saw the highest ADT year to Aug 13, at more than $11 million.
This was followed by iFast Corporation and UOL Group, with comparable ADT over the same period at around $9.5 million.
Between July 1 and Aug 12, iFast saw the highest net institutional inflow proportionate to current market cap, at 4.13%.
Other constituents that booked the highest ratio of net institutional inflow to market cap include Frencken Group, City Developments, Wee Hur, Samudera Shipping Line, Geo Energy Resources, Seatrium, Venture Corporation and Valuetronics.
20 SMID stocks with the biggest increase in ADT since June
Table: Geoff Howie/SGX
