As 2025 draws to a close, and taking stock of the outperformers compared to the laggards, one factor the top 10 gainers by total returns and the top 12 losers by total returns have in common is that both groups comprise small caps. The data is for stocks on the mainboard of the Singapore Exchange sourced from Bloomberg. The largest stock by market cap in the list is Soilbuild Construction at a market cap of more than $550 million.
The year’s top losers are micro-caps. But then so was Addvalue Technologies, the mainboard of the SGX’s top performer, at the start of 2025. This year, Addvalue Tech has outperformed gold, bitcoin and the S&P 500. Not bad for a stock that was on the watchlist merely two months ago.
