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

Best World International / Equity Bottom-Up

<ul><li>STI constituents that booked the highest net institutional inflow proportionate to quarter-end market cap included Sembcorp Industries, Genting Singapore and Keppel DC REIT, while Keppel Corp and Yangzijiang Shipbuilding and City Developments booked the highest net institutional outflow proportionate to quarter-end market cap.</li><li>In 1Q23 Singapore’s 100 most traded stocks averaged 3% total returns, following on from the same 100 stocks averaging 10% average total returns in 2022.</li><li>Among the 100 most traded stocks in 1Q23, the 10 that booked the highest net institutional inflow proportionate to quarter-end market capitalisation averaged 19% total returns in 1Q23, compared to a 13% decline for the 10 stocks that booked the highest net institutional outflow proportionate to quarter-end market capitalisation.</li></ul>

STI constituents that booked the highest net institutional inflow proportionate to quarter-end market cap included Sembcorp Industries, Genting Singapore and Keppel DC REIT, while Keppel Corp and Yangzijiang Shipbuilding and City Developments booked the highest net institutional outflow proportionate to quarter-end market cap.In 1Q23 Singapore’s 100 most traded stocks averaged 3% total returns, following on from the same 100 stocks averaging 10% average total returns in 2022.Among the 100 most traded stocks in 1Q23, the 10 that booked the highest net institutional inflow proportionate to quarter-end market capitalisation averaged 19% total returns in 1Q23, compared to a 13% decline for the 10 stocks that booked the highest net institutional outflow proportionate to quarter-end market capitalisation.

Singapore’s Most Traded Stocks, Flows & Performances in 1Q23  

<ul><li>Venture, UMS & Frencken have ranked as Singapore’s most traded Technology stocks over the past four weeks, with the trio averaging 14% gains, while booking S$48 million of net fund inflows.</li><li>This follows average declines of 24% in total return in 2022 on S$139 million of net fund outflows.</li><li>These 14 stocks have averaged 10% gains over the past four weeks, while booking S$42 million of net fund inflows, outpacing the STI, and contrary to the broader Singapore stock market which has booked net fund outflows.</li></ul>

Venture, UMS & Frencken have ranked as Singapore’s most traded Technology stocks over the past four weeks, with the trio averaging 14% gains, while booking S$48 million of net fund inflows.This follows average declines of 24% in total return in 2022 on S$139 million of net fund outflows.These 14 stocks have averaged 10% gains over the past four weeks, while booking S$42 million of net fund inflows, outpacing the STI, and contrary to the broader Singapore stock market which has booked net fund outflows.

Technology Sector Led Global Stocks in January

<ul><li>From the 21 Oct to 21 Nov close, the STI rallied 9.4%, with Singapore’s 100 most traded stocks averaging 8.0% total returns.</li><li>The 100 stocks represent all key sectors, with Telecommunications, Banks, and Technology Sectors seeing the most net fund inflows, proportionate to their current market capitalisation over the month, while the Energy, Materials & Resources, and Utilities Sectors saw the most proportionate net fund outflows.</li><li>This saw the Telecommunications, Banks, and Technology Sectors book the highest net fund inflows, proportionate to their respective current market capitalisation over the month.</li></ul>

From the 21 Oct to 21 Nov close, the STI rallied 9.4%, with Singapore’s 100 most traded stocks averaging 8.0% total returns.The 100 stocks represent all key sectors, with Telecommunications, Banks, and Technology Sectors seeing the most net fund inflows, proportionate to their current market capitalisation over the month, while the Energy, Materials & Resources, and Utilities Sectors saw the most proportionate net fund outflows.This saw the Telecommunications, Banks, and Technology Sectors book the highest net fund inflows, proportionate to their respective current market capitalisation over the month.

Sectors & Stocks That Led the Past Month's Net Fund Inflows

<ul><li>The indicative iEdge SG Advanced Manufacturing Index is comprised of more than 100 stocks, spanning multiple sectors, and is responsive to both local and regional developments.</li><li>The recent momentum has brought the 3-year total return of the Manufacturing Index to 25%, which is comparable to the FTSE Developed Index total return, while outpacing the 12% and 2% respective total returns for the STI and the FTSE Asia Pacific Index.</li><li>The constituents of the iEdge SG Advanced Manufacturing Index have contributed 17% of Singapore’s average daily stock market turnover in the 2022 year to 11 Nov.</li></ul>

The indicative iEdge SG Advanced Manufacturing Index is comprised of more than 100 stocks, spanning multiple sectors, and is responsive to both local and regional developments.The recent momentum has brought the 3-year total return of the Manufacturing Index to 25%, which is comparable to the FTSE Developed Index total return, while outpacing the 12% and 2% respective total returns for the STI and the FTSE Asia Pacific Index.The constituents of the iEdge SG Advanced Manufacturing Index have contributed 17% of Singapore’s average daily stock market turnover in the 2022 year to 11 Nov.

Recent Manufacturing Index Gains powered by Tech & Healthcare Sectors

<ul><li>Technology Stocks have been among the weakest performing stocks across the globe so far this year, while still maintaining the strongest stock returns since the end of 2019.</li><li>Similarly, in Singapore, the 10 most traded stocks relevant to the Technology Sector have averaged 33% declines in total return this year, bringing the average total return of the eight stocks listed for the full period from the end of 2019 to 68%.</li><li>Last week Singapore’s 10 most traded Technology-related stocks averaged double-digit declines, with iFAST Corporation and Silverlake Axis the most defensive of the 10 stocks, averaging 4% declines, while AEM Holdings and UMS Holdings averaged 22% declines.</li></ul>

Technology Stocks have been among the weakest performing stocks across the globe so far this year, while still maintaining the strongest stock returns since the end of 2019.Similarly, in Singapore, the 10 most traded stocks relevant to the Technology Sector have averaged 33% declines in total return this year, bringing the average total return of the eight stocks listed for the full period from the end of 2019 to 68%.Last week Singapore’s 10 most traded Technology-related stocks averaged double-digit declines, with iFAST Corporation and Silverlake Axis the most defensive of the 10 stocks, averaging 4% declines, while AEM Holdings and UMS Holdings averaged 22% declines.

Technology Stocks Take Spotlight on US Trade Policy & Growth Outlook 

Malaysia

Frencken Group is a global integrated technology solutions company that provides original design, original equipment, and diversified integrated manufacturing solutions. It operates through two segments: Mechatronics, which designs and produces precision-engineered systems and components for industries like semiconductors and medical, and Integrated Manufacturing Services, offering contract manufacturing for automotive and office automation. The company's registered office is in Singapore, and it was founded in 1999.

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Frencken Group (FRKN SP)

Singapore’s Most Traded Stocks, Flows & Performances in 1Q23

STI constituents that booked the highest net institutional inflow proportionate to quarter-end market cap included Sembcorp Industries, Genting...

Singapore Exchange Ltd (SGX)

Technology Sector Led Global Stocks in January

Venture, UMS & Frencken have ranked as Singapore’s most traded Technology stocks over the past four weeks, with the trio averaging 14% gains,...

Singapore Exchange Ltd (SGX)

Sectors & Stocks That Led the Past Month's Net Fund Inflows

From the 21 Oct to 21 Nov close, the STI rallied 9.4%, with Singapore’s 100 most traded stocks averaging 8.0% total returns. The 100 stocks...

Singapore Exchange Ltd (SGX)

Recent Manufacturing Index Gains powered by Tech & Healthcare Sectors

The indicative iEdge SG Advanced Manufacturing Index is comprised of more than 100 stocks, spanning multiple sectors, and is responsive to both...

Singapore Exchange Ltd (SGX)

Technology Stocks Take Spotlight on US Trade Policy & Growth Outlook

Technology Stocks have been among the weakest performing stocks across the globe so far this year, while still maintaining the strongest stock...

Singapore Exchange Ltd (SGX)

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