They averaged an 11% price gain.

Singtel was the best-performing Straits Times Index (STI) constituent stock in the first quarter, data from the SGX revealed today.

Singtel gained 12.3% year-to-date in Q1, markedly higher than the 0.7% price gain registered by the index as a whole.

The next best-performing stock was Hongkong Land Holdings, which gained 11.7% in three months. This was closely followed by ComfortDelGro with a gain of 11.2%.

ThaiBev was the fourth best performer with a price gain of 10.9%, while Ascendas REIT was the fifth best performer with an 8.8% price gain.

The five best-performing STI component stocks averaged a price gain of 11% in the first quarter. Taking the consistent flow of constituents’ dividends into account, the STI’s total return came to 2.7% for Q1.

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