High Trading Activity Stocks Outside the Big-Caps

• Among Singapore’s 100 most traded stocks this year, more than 20 fall outside the top 100 by market cap. These non-big-cap names are punching above their weight in liquidity and investor attention, with combined average daily turnover (ADT) of S$42.9 million and combined market cap of S$8.15 billion. 
   
• Industrials, Technology, and Energy make up nearly 80% of the group of 20+ stocks, despite representing less than 40% of all SGX listings. This concentration aligns with Industrials riding infrastructure demand and bolstering supply chains, Technology supported by AI adoption, and Energy pivoting toward renewables amid policy uncertainty.
   
• Within the group, CNMC Goldmine, Oiltek International, Parkson Retail, and LHN rank among the top five stocks showing the largest percentage surge in trading activity—both in 2H25 versus 1H25, and in 2025 compared to 2024. Notably, CNMC Goldmine is also one of three Catalist-listed stocks in the mix.  

While large-cap stocks typically dominate turnover and liquidity rankings, small- and mid-caps often break through as notable liquidity leaders.

In the Singapore stock market there are 22 stocks that rank among the 100 most traded stocks this year, while at the same time presently ranking outside the top 100 by market capitalisation. For instance, Catalist-listed ISOTeam’s average daily turnover of S$678,789 this year places it among Singapore’s 100 most traded stocks, while its market capitalisation of S$64 million ranks it only within the largest 300. Note that Grand Venture Technology, which is delisting, and Soon Hock Enterprises, which only listed on Oct 16, would also qualify but are omitted from the group of 22 stocks. 

Together, the 22 stocks presently maintain a S$8.15 billion total market capitalisation, while seeing S$42.9 million ADT in the 2025 year through to Oct 21. By comparison, Genting Singapore maintains an S$8.89 billion market capitalisation, while seeing S$25.6 million ADT. 

The 22 stocks are tabled below. They also include 10 FTSE ST Mid & Small Cap Index constituents and seven iEdge Next 50 Index constituents.

Note ADT refers to Average Daily Trading Turnover, NIF refers to Net Institutional Flow, TR refers to Total Return. Data as of Oct 21, 2025. Note Table excludes Soon Hock Enterprises as debuted as recently as Oct 16, and also excludes Grand Venture Technologies as its last day of trading was Oct 8. 

As detailed in table above, the Industrials, Technology, and Energy Sectors dominate the group of 22 stocks, accounting for nearly 80% of them, despite representing less than 40% of all SGX listings. This reflects global trends, with Industrials riding infrastructure demand and efforts to strengthen supply chains, Technology accelerating on AI adoption, and Energy continuing to pivoting toward renewables amid energy security and regionalisation. 

Within the group, CNMC Goldmine, Oiltek International, Parkson Retail, and LHN rank among the top five stocks with the largest percentage surge in trading activity—both in 2H25 versus 1H25 and in 2025 compared to 2024. Notably, CNMC Goldmine is also one of three Catalist-listed stocks along with Lum Chang Creations (which listed on Jul 21) and ISOTeam.

The 22 stocks also booked a combined net institutional inflow of S$132.35 million in the 2025 year to Oct 21. Among the group, CSE Global has booked the most net institutional inflow of S$32.10 million in 2025, followed by Geo Energy Resources at S$28.37 million and Wee Hur Holdings at S$26.75 million.  

These trends underscore that liquidity leadership is not limited to large-cap stocks, as smaller names are increasingly attracting institutional flows and active trading. 

Looking ahead, whether non-large-cap Industrials and Technology sectors can maintain their dominance in ADT rankings will hinge on the impact of persistent trade policy uncertainty. Further escalation of protectionist measures—such as tariffs and non-tariff barriers—could suppress investment, disrupt supply chains, and stifle productivity growth, as highlighted by the IMF in its recent World Economic Outlook. At the same time, it relayed potential overarching upside risks such as the potential for new, clearer, and more stable bilateral and multilateral trade agreements—that could quickly lift global output and trade, in addition to AI-Driven Productivity Gains. 

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