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>STI Rebounds 5.2% in July, led by Seatrium & Keppel Corp The 5.2% gain on the month was the STI's strongest performing month since a 6.4% gain in November 2022, with the STI trading at March levels (below 3,150) in early July, then retesting February levels (above 3,350) in late July.  https://investors.sgx.com/_security-types/stocks/S51?lang=en led the STI constituents in July, gaining 12.8% while booking the highest net institutional inflow for the month at S$75.4 million.</li></ul>

STI Rebounds 5.2% in July, led by Seatrium & Keppel Corp The 5.2% gain on the month was the STI's strongest performing month since a 6.4% gain in November 2022, with the STI trading at March levels (below 3,150) in early July, then retesting February levels (above 3,350) in late July.  https://investors.sgx.com/_security-types/stocks/S51?lang=en led the STI constituents in July, gaining 12.8% while booking the highest net institutional inflow for the month at S$75.4 million.

STI Rebounds 5.2% in July, led by Seatrium & Keppel Corp

<ul><li>Actively traded high-turnover stocks in 2023 YTD This year, close to a quarter of Singapore’s 100 most actively traded stocks have registered double-digit percentage growth in daily trading turnover from their respective 2022 levels.</li><li>This saw the stock rank among the 85 most traded stocks so far this year, after ranking just outside the 170 most traded stocks in 2022.</li></ul>

Actively traded high-turnover stocks in 2023 YTD This year, close to a quarter of Singapore’s 100 most actively traded stocks have registered double-digit percentage growth in daily trading turnover from their respective 2022 levels.This saw the stock rank among the 85 most traded stocks so far this year, after ranking just outside the 170 most traded stocks in 2022.

Vibrant activity among top traded stocks on SGX

Jardine Matheson Southeast Asia / Equity Bottom-Up

Jardine Matheson Southeast Asia (JCNC SP)

<ul><li>With the narrowest monthly percentage trading range since Feb 2015, the STI consolidated in April, taking its total return for the first four months of 2023 to , which was also the precise mid-point between the total returns of the FTSE Asia Pacific Index at 3.3% and FTSE ASEAN All-Share Index at 0.8%, in SGD terms.</li><li>Keppel Corporation, Jardine Cycle & Carriage and CapitaLand Investment led the STI in April, averaging 9.0% total returns, bringing their 4-month total returns to 34.3%, 18.5% and 5.4% respectively.</li><li>The STI ended April with a 1.3% total return, bringing its total return for the four months ending April to 2.1%.</li></ul>

With the narrowest monthly percentage trading range since Feb 2015, the STI consolidated in April, taking its total return for the first four months of 2023 to , which was also the precise mid-point between the total returns of the FTSE Asia Pacific Index at 3.3% and FTSE ASEAN All-Share Index at 0.8%, in SGD terms.Keppel Corporation, Jardine Cycle & Carriage and CapitaLand Investment led the STI in April, averaging 9.0% total returns, bringing their 4-month total returns to 34.3%, 18.5% and 5.4% respectively.The STI ended April with a 1.3% total return, bringing its total return for the four months ending April to 2.1%.

Keppel Corp, Jardine C&C and CapitaLand Invest Led STI in April 

<ul><li>The STI generated a 2.4% total return over the first 15 weeks of 2023, with 20 gainers, one stock unchanged and nine decliners.</li><li>The five strongest performers of the STI in the YTD included Sembcorp Ind, Keppel Corp, Genting Sing, Keppel DC REIT and Mapletree Log Tr, with the five stocks averaging 22% total returns, while the decliners were led by CityDev, YZJ Shipbldg, ThaiBev, Singtel and HongkongLand, which averaged a 6% decline in total returns.</li><li>Following a 73% total return on S$220 million of net institutional inflow in 2022, Sembcorp Industries has generated a 27% total return on S$90 million of net institutional inflow.</li></ul>

The STI generated a 2.4% total return over the first 15 weeks of 2023, with 20 gainers, one stock unchanged and nine decliners.The five strongest performers of the STI in the YTD included Sembcorp Ind, Keppel Corp, Genting Sing, Keppel DC REIT and Mapletree Log Tr, with the five stocks averaging 22% total returns, while the decliners were led by CityDev, YZJ Shipbldg, ThaiBev, Singtel and HongkongLand, which averaged a 6% decline in total returns.Following a 73% total return on S$220 million of net institutional inflow in 2022, Sembcorp Industries has generated a 27% total return on S$90 million of net institutional inflow.

STI Maintains 2.4% YTD Total Return as GDP Growth Slows 

<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

Singapore

Keppel Ltd. is a Singaporean global asset manager and operator, providing critical infrastructure and services for renewables, clean energy, decarbonization, sustainable urban renewal, and digital connectivity. The company operates across Infrastructure, Real Estate, Connectivity, and Fund Management & Investment platforms. Keppel is headquartered in Singapore and was founded in 1968.

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Keppel (KEP SP)

STI Rebounds 5.2% in July, led by Seatrium & Keppel Corp

STI Rebounds 5.2% in July, led by Seatrium & Keppel Corp The 5.2% gain on the month was the STI's strongest performing month since a 6.4% gain...

Singapore Exchange Ltd (SGX)

Vibrant activity among top traded stocks on SGX

Actively traded high-turnover stocks in 2023 YTD This year, close to a quarter of Singapore’s 100 most actively traded stocks have registered...

Singapore Exchange Ltd (SGX)

Keppel Corp, Jardine C&C and CapitaLand Invest Led STI in April

With the narrowest monthly percentage trading range since Feb 2015, the STI consolidated in April, taking its total return for the first four...

Singapore Exchange Ltd (SGX)

STI Maintains 2.4% YTD Total Return as GDP Growth Slows

The STI generated a 2.4% total return over the first 15 weeks of 2023, with 20 gainers, one stock unchanged and nine decliners. The five strongest...

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)

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