iEdge Singapore Next 50 Index delivers 18% H2 return
The iEdge Singapore Next 50 Index achieved an 18% total return in H2 2025, with constituents having a combined market cap of $88 billion. The index aims to enhance Singapore's equity market and includes 42 constituents from the FTSE ST Mid & Small Cap Index. Notable performers include Hong Leong Asia and SIA Engineering. China Sunsine Chemical Holdings saw a significant share sale, improving liquidity and increasing its average daily turnover. The technology sector within the index attracted $179 million in net institutional inflows in the same period.
Constituents represented a combined market capitalisation of $88b.
The iEdge Singapore Next 50 Index delivered an 18% total return in the second half of 2025 to date, reflecting strong performance amongst its constituents.
The index, designed to enhance Singapore’s equity market development and investor engagement under the Equity Market Development Programme, shares 42 constituents with the FTSE ST Mid & Small Cap Index.
As of 4 November, the Next 50 Index’s constituents represented a combined market capitalisation of $88b and recorded an average daily turnover (ADT) of $165m year-to-date, up from $107m in 2024.
The top turnover gainers in 2025 include Hong Leong Asia, UOB-Kay Hian Holdings, PropNex, Pan-United Corporation, SIA Engineering Corporation, Banyan Tree Holdings, Centurion Corporation, Boustead Singapore, Yangzijiang Financial Holding, and China Sunsine Chemical Holdings.
After market close on 4 November, China Sunsine Chemical Holdings reported that majority shareholder Success More Group sold 42 million shares at $0.66 each for $27.7m to institutional and high-net-worth investors through Maybank Securities, reducing its stake from 61.6% to 57.2%.
Success More, controlled by Executive Chairman Xu Cheng Qiu, said the sale aimed to improve share liquidity while maintaining control. The group has agreed to a six-month moratorium on further disposals.
Following the transaction, China Sunsine’s 2025 ADT rose to $606,000 from $80,000 in 2024. The company reported a 29% increase in 1HFY25 net profit to RMB 242.7m, achieving record sales volume.
As of 4 November, it traded at a P/E of 7.6x with an ROE of 10.4%. Since its 2007 IPO, the stock has produced an 11.6% annualised return.
Technology constituents in the Next 50 Index recorded $179m in net institutional inflows in 2H25.
Five of the six are also part of the FTSE ST Mid & Small Cap Index, whilst CSE Global remains the largest-weight constituent in the FTSE ST Fledgling Index, continuing to attract institutional interest.
