Singapore's top healthcare stocks averaged total returns of 36.2% YTD

Medtecs Internartional came out top with a 197% surge in total returns.

The 10 best-performing healthcare stocks of iEdge SG All Healthcare Index posted an average total return of 29.5% in 2020 YTD, according to an SGX report. The stocks also averaged $26m a day in combined turnover.

In 2019, the same 10 stocks averaged $7m daily turnover and a decline of 1%.

Medtecs International led the pack with a staggering 197% total return YTD. This was followed by UG Healthcare at 96%, Healthway Med at 27%, Clearbridge at 20%, and Riverstone at 17%.

Healthcare stocks across Asia Pacific have begun the year on a firm defensive note with caution on the Covid-19 outbreak.

There are between 1,500 and 2,000 healthcare-related stocks listed across the Asia Pacific, generating median gains of 3%. These stocks posted an average return of 8% in 2020 YTD.

Singapore’s healthcare sector has also generated an 8% total return in the 2020 YTD.