Ten STI stocks reached new one-year highs in April

Mostly banks and telcos.

One-third of the stocks that make up the Straits Times Index (STI) reached twelve-month highs in April, according to data released by the SGX.

These stocks mostly represented the financials and telecommunications sectors, but stocks from property and food and beverage sectors also booked gains.

The 10 stocks are United Overseas Bank, CapitaLand, CapitaMall Trust, Ascendas Real Estate Investment Trust, DBS Group Holdings, Oversea-Chinese Banking Corporation, StarHub, Singapore Telecommunications, Thai Beverage Public Company and Singapore Exchange.

UOB and CapitaLand reached their one-year highs on April 27, while CapitaMall Trust and Ascendas Real Estate Investment Trust jumped to a 12-month high on April 24.

Three STI stocks--DBS, OCBC and StarHub--reached their 52-week highs on April 17.

SingTel reached a new one-year high on April 16, while ThaiBev and SGX climbed to 12-month highs on April 15.