THE FTSE ST China Index has gained 6.4 per cent over the first four sessions of 2021, adding to its 7.4 per cent total return in 2020. The index comprises 17 stocks of the FTSE ST All-Share Index that report more than 50 per cent of their revenues or assets associated with China operations. The two largest stocks of the index are Wilmar International and Yangzijiang Shipbuilding (Holdings), which generated gains of 8.4 per cent and 3.7 per cent, respectively, for the first four sessions of 2021.

The newest entrant to the FTSE ST China Index is Nanofilm Technologies International, which was also among the top 25 traded stocks over the first four sessions of 2021. Over these four sessions, the stock rallied 13 per cent, boosting its gains since listing to 92 per cent.

Nanofilm's prospectus detailed that two-thirds of its FY19 revenue came from invoices issued by its China operations. On the first trading day of 2021, Nanofilm ended the session with a market value above S$3 billion for the first time since listing.