In recent weeks, the stock markets have been increasingly volatile. This should also come as no surprise to those following the markets, as the on-again-off-again US-China trade war saga continues with new vigour, an ongoing slowdown in the global economy, the yet unresolved Brexit, an rising geopolitical tensions in the Middle East.
In Singapore, this has seen our benchmark Straits Times Index (STI) sink close to 5.0% in the past month, as well as higher volatility in the 2ndquarter of 2019.
This can be seen in the graph below, depicting the STI’s steep climb at the start of April 2019, slumping in the month of May, recovering in June and July, and finally sinking in recent weeks.
Given the volatile markets since May and the poor start to August, we have highlighted companies with share prices that have increased at least 7.0% in the past 13 weeks.
To shortlist these companies, we used SGX StockFacts screener to select companies with the higher price increase in the last 13 weeks AND companies with a market capitalisation of over $500 million. We also focused on primary listings on the SGX.
GSH Corporation Ltd (SGX: BDX)
GSH Corporation is in the business