SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Equity Bottom-Up

<ul><li>On the move in early July, the STI posted a 2.1% decline during the first week, and a 3.5% gain the following week.</li><li>STI stocks that posted gains over each of the two weeks included UOL, SATS, Singapore Airlines and City Developments.</li><li>Among the 100 most traded Singapore- listed stocks this year, there were another 17 stocks that posted gains in each of the first two weeks of July, with one-third of these stocks representing the Industrials Sector: Acesian Partners, SingPost, ComfortDelGro, Dyna-Mac and Samudera Shipping, in addition to the aforementioned Singapore Airlines and SATS.</li></ul>

On the move in early July, the STI posted a 2.1% decline during the first week, and a 3.5% gain the following week.STI stocks that posted gains over each of the two weeks included UOL, SATS, Singapore Airlines and City Developments.Among the 100 most traded Singapore- listed stocks this year, there were another 17 stocks that posted gains in each of the first two weeks of July, with one-third of these stocks representing the Industrials Sector: Acesian Partners, SingPost, ComfortDelGro, Dyna-Mac and Samudera Shipping, in addition to the aforementioned Singapore Airlines and SATS.

<ul><li>In 1H23, the STI generated a marginal 1.2% total return, with Singapore stocks booking net retail inflow of S$1.49 billion, compared to S$951 million in 1H22.</li><li>A similar number of Singapore stocks booked net retail inflow in 1H23 and 1H22, however the 1H23 combined net retail inflow of these ~300 stocks was down 10% from 1H22.</li><li>Potentially indicating rotational trading, Singtel, City Dev, CapitaLand Int Comm Trust, Suntec REIT averaged 7% declines in total return in 1H23 while booking net retail inflow, vs 13% total returns in 1H22 while booking net retail outflow.</li></ul>

In 1H23, the STI generated a marginal 1.2% total return, with Singapore stocks booking net retail inflow of S$1.49 billion, compared to S$951 million in 1H22.A similar number of Singapore stocks booked net retail inflow in 1H23 and 1H22, however the 1H23 combined net retail inflow of these ~300 stocks was down 10% from 1H22.Potentially indicating rotational trading, Singtel, City Dev, CapitaLand Int Comm Trust, Suntec REIT averaged 7% declines in total return in 1H23 while booking net retail inflow, vs 13% total returns in 1H22 while booking net retail outflow.

20 Singapore Stocks that Booked the Most Net Retail Inflow in 1H23

<ul><li>The past six sessions (10-17 March) have seen the STI trade below 3,200, with a 105-point range for the STI in rangebound choppy trading conditions.</li><li>The six sessions saw the Singapore stock market book net institutional outflows of S$133 million and net retail inflows of S$334 million.</li><li>Over the past six sessions, retail have been net buyers of Singapore stocks, with net retail inflows totaling S$334 million.</li></ul>

The past six sessions (10-17 March) have seen the STI trade below 3,200, with a 105-point range for the STI in rangebound choppy trading conditions.The six sessions saw the Singapore stock market book net institutional outflows of S$133 million and net retail inflows of S$334 million.Over the past six sessions, retail have been net buyers of Singapore stocks, with net retail inflows totaling S$334 million.

Singapore stocks book S$334M Retail inflows as STI trades below 3,200

<ul><li>Sam Goi adds to Envictus and JB Foods stakes For the five trading sessions that spanned Mar 10 to Mar 16, the Straits Times Index declined 8 per cent with the Hang Seng Index declining 3.9 per cent and the FTSE Bursa Malaysia KLCI declining 3.7 per cent.</li><li>On Mar 14, Goi also acquired 41,400 shares of JB Foods : BEW 0% at S$0.52 per share.</li></ul>

Sam Goi adds to Envictus and JB Foods stakes For the five trading sessions that spanned Mar 10 to Mar 16, the Straits Times Index declined 8 per cent with the Hang Seng Index declining 3.9 per cent and the FTSE Bursa Malaysia KLCI declining 3.7 per cent.On Mar 14, Goi also acquired 41,400 shares of JB Foods : BEW 0% at S$0.52 per share.

Sam Goi Adds to Envictus & JB Foods Stakes

<ul><li>Inside Insights - Share buybacks by primary-listed companies OCBC, Singapore Technologies Engineering, Venture Corporation, City Developments and Sembcorp Industries led the net institutional inflow for the five sessions.</li><li>SIA Engineering Company bought back 148,100 shares at an average price of S$2.50 per share while Valuetronics Holdings bought back 320,000 shares at an average price of S$0.54 per share.</li></ul>

Inside Insights - Share buybacks by primary-listed companies OCBC, Singapore Technologies Engineering, Venture Corporation, City Developments and Sembcorp Industries led the net institutional inflow for the five sessions.SIA Engineering Company bought back 148,100 shares at an average price of S$2.50 per share while Valuetronics Holdings bought back 320,000 shares at an average price of S$0.54 per share.

OCBC leads net fund inflows; JB Foods’ Goh Lee Beng increases stake

Singapore

City Developments Limited (CDL) is a Singaporean multinational real estate operating company. It develops, owns, and manages a diversified portfolio of residential, commercial, and hospitality properties, including offices, hotels, serviced apartments, shopping malls, and integrated developments. CDL was founded on September 7, 1963, and is headquartered in Singapore.

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City Developments (CIT SP)

Biggest Movers on Recent STI Swings

On the move in early July, the STI posted a 2.1% decline during the first week, and a 3.5% gain the following week. STI stocks that posted gains...

Singapore Exchange Ltd (SGX)

20 Singapore Stocks that Booked the Most Net Retail Inflow in 1H23

In 1H23, the STI generated a marginal 1.2% total return, with Singapore stocks booking net retail inflow of S$1.49 billion, compared to S$951...

Singapore Exchange Ltd (SGX)

Singapore stocks book S$334M Retail inflows as STI trades below 3,200

The past six sessions (10-17 March) have seen the STI trade below 3,200, with a 105-point range for the STI in rangebound choppy trading...

Singapore Exchange Ltd (SGX)

Sam Goi Adds to Envictus & JB Foods Stakes

Sam Goi adds to Envictus and JB Foods stakes For the five trading sessions that spanned Mar 10 to Mar 16, the Straits Times Index declined 8 per...

Singapore Exchange Ltd (SGX)

OCBC leads net fund inflows; JB Foods’ Goh Lee Beng increases stake

Inside Insights - Share buybacks by primary-listed companies OCBC, Singapore Technologies Engineering, Venture Corporation, City Developments and...

Singapore Exchange Ltd (SGX)

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