At the other end of the market value spectrum, a slew of relatively unknown penny stocks made much bigger gains in 1Q2025. Leading the entire universe of Singapore-listed counters was OneApex, which gained 175.3%. Earlier this year, OneApex completed the sale of two joint venture entities in financial services to former executive director Chiu Joon Sun for $400,000. OneApex says the sale will net it a gain of $1,755, which it will then re-allocate into property investment, development and management. The runner-up was Ascent Bridge (SGX:AWG
) , up 113.2%, while the joint third place went to Disa and CapAllianz, both of which are micro-penny stocks that doubled in value.
The Straits Times Index (STI) ended the last trading day of 1Q2025 with a new record. For a fleeting moment, the STI changed hands at 4,005.18 points on March 28 before ending the day at 3,972.43 points.
Since the start of the year, the index has gained 4.88%, driven by blue chips like the three banks and ST Engineering.
