Which of SGX’s five largest IT stocks failed to gain YTD?

The five stocks averaged 9.2% price gain.

The five largest IT stocks – Silverlake Axis, Venture Corporation, STATS ChipPAC, TPV Technology, and GSH Corporation – make up over half the total market capitalisation of the more than 80 SGX-listed IT stocks.

According to SGX, the five stocks averaged a 9.2% gain in the year thus far, taking the 12-month gain to 30.4%. Of the five stocks, four rose over the past year, with performances ranging from 20.2% to 61.0%. GSH Corporation’s share price declined -1.3%, while TPV Technology’s share price rose the highest at 22.6%.

There are three types of IT stocks – those involved in technology hardware & equipment, companies operating software & services businesses and those involved in semiconductor fabrication and semiconductor equipment, according to the Global Industry Classification Standard (GICS®).