IT emerges as the strongest sector in February

It gained 7.0% on a capitalisation-weighted total return basis.

The information technology sector gained some momentum in the past month, making it the strongest sector in February after gaining 7.0% on a capitalisation-weighted total return basis, a report from SGX MyGateway revealed.

Amongst the 10 largest IT stocks, the top-notchers were Valuetronics Holdings, TPV Technology and Chuan Hup Holdings. The three Hardware and Equipment plays averaged a 17.1% return during the month.

It was closely followed by the Materials and Real Estate Management & Development Segments. For the second month in a row, all sectors gained with the exception of the more defensive Healthcare Sector.