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>FOR the trading sessions that spanned Oct 21 to 27, the Straits Times Index (STI) declined 0.3 per cent, with the Hang Seng Index falling 6.1 per cent and the FTSE Bursa Malaysia KLCI gaining 0.5 per cent.</li><li>Overall, institutions were net sellers of Singapore stocks for the four sessions ended Oct 27, with just over S$100 million of net outflows, following the S$40 million of net outflows for the preceding five sessions.</li><li>Yangzijiang Financial Holding led the four-session buyback consideration tally, purchasing 7.5 million shares at an average price of 33.9 cents per share.</li></ul>

FOR the trading sessions that spanned Oct 21 to 27, the Straits Times Index (STI) declined 0.3 per cent, with the Hang Seng Index falling 6.1 per cent and the FTSE Bursa Malaysia KLCI gaining 0.5 per cent.Overall, institutions were net sellers of Singapore stocks for the four sessions ended Oct 27, with just over S$100 million of net outflows, following the S$40 million of net outflows for the preceding five sessions.Yangzijiang Financial Holding led the four-session buyback consideration tally, purchasing 7.5 million shares at an average price of 33.9 cents per share.

CEO of Sabana Industrial Reit’s manager adds to his stake in the Reit

<ul><li>The STI’s 2.4% total return in 3Q22 was mainly driven by the trio of DBS, OCBC and UOB, which averaged a 7.3% total return over the quarter.</li><li>During the quarter, the trio saw S$969 million of combined net fund inflows with the net fund inflows to DBS and OCBC more than offsetting the net fund outflows booked by UOB.</li><li>Focusing on Singapore’s 200 most traded stocks for the first nine months of 2022, that are currently listed for trading, the Sectors that saw the next highest net fund inflows in 3Q22 were Telecommunications and Consumer Cyclicals.</li></ul>

The STI’s 2.4% total return in 3Q22 was mainly driven by the trio of DBS, OCBC and UOB, which averaged a 7.3% total return over the quarter.During the quarter, the trio saw S$969 million of combined net fund inflows with the net fund inflows to DBS and OCBC more than offsetting the net fund outflows booked by UOB.Focusing on Singapore’s 200 most traded stocks for the first nine months of 2022, that are currently listed for trading, the Sectors that saw the next highest net fund inflows in 3Q22 were Telecommunications and Consumer Cyclicals.

Singapore Net Fund Inflows in 3Q22 Led by Banks

<ul><li>With one week remaining for 3Q22, the STI has booked a 5.5% total return for the quarter, outpacing the FTSE Developed Index’s 1.3% decline.</li><li>The STI’s five largest weights – DBS, OCBC, UOB, Singtel and Jardine Matheson make up 56% of the STI weights, and have averaged 9% QTD total returns, bringing their average YTD total return to 10%.</li><li>In Singapore, the STI has generated a 7% total return in the 2022 YTD, with the five biggest weights of the Index averaging 10% total returns.</li></ul>

With one week remaining for 3Q22, the STI has booked a 5.5% total return for the quarter, outpacing the FTSE Developed Index’s 1.3% decline.The STI’s five largest weights – DBS, OCBC, UOB, Singtel and Jardine Matheson make up 56% of the STI weights, and have averaged 9% QTD total returns, bringing their average YTD total return to 10%.In Singapore, the STI has generated a 7% total return in the 2022 YTD, with the five biggest weights of the Index averaging 10% total returns.

Five STI Heavyweights Book 9% QTD Total Return

<ul><li>Effective the 19 Sep market open, Emperador will join the STI with an indicative weight of 0.4%, taking the number of stocks representing the Consumer Non-cyclical Sector to four, with a combined indicative Sector weightage of 6%, based on Index weights as of 30 June.</li><li>The five stocks of the STI reserve list will comprise Olam Group, Suntec REIT, Keppel REIT, Frasers Centrepoint Trust, and Ascott Residence Trust.</li><li>Following the recent semi-annual rebalance https://research.ftserussell.com/Analytics/FactSheets/Home/DownloadSingleIssue?openfile=open&issueName=STIRCO&isManual=True, Emperador Inc. will join the STI effective the Monday 19 Sep, replacing ComfortDelGro Corporation.</li></ul>

Effective the 19 Sep market open, Emperador will join the STI with an indicative weight of 0.4%, taking the number of stocks representing the Consumer Non-cyclical Sector to four, with a combined indicative Sector weightage of 6%, based on Index weights as of 30 June.The five stocks of the STI reserve list will comprise Olam Group, Suntec REIT, Keppel REIT, Frasers Centrepoint Trust, and Ascott Residence Trust.Following the recent semi-annual rebalance https://research.ftserussell.com/Analytics/FactSheets/Home/DownloadSingleIssue?openfile=open&issueName=STIRCO&isManual=True, Emperador Inc. will join the STI effective the Monday 19 Sep, replacing ComfortDelGro Corporation.

<ul><li>Inside Insights - Wee Ee Cheong boosts UOB stake For the 5 trading sessions that spanned Aug 19 to Aug 25, the Straits Times Index (STI) declined 0.8 per cent, with the FTSE China A50 Index declining 0.9 per cent, the Hang Seng Index gaining 1.3 per cent and the FTSE Bursa Malaysia KLCI declining 1.1 per cent.</li><li>Between Aug 16 and 22, United Overseas Bank (UOB) deputy chairman and CEO Wee Ee Cheong acquired 100,000 shares at an average price of S$26.86 per share.</li></ul>

Inside Insights - Wee Ee Cheong boosts UOB stake For the 5 trading sessions that spanned Aug 19 to Aug 25, the Straits Times Index (STI) declined 0.8 per cent, with the FTSE China A50 Index declining 0.9 per cent, the Hang Seng Index gaining 1.3 per cent and the FTSE Bursa Malaysia KLCI declining 1.1 per cent.Between Aug 16 and 22, United Overseas Bank (UOB) deputy chairman and CEO Wee Ee Cheong acquired 100,000 shares at an average price of S$26.86 per share.

Singapore

United Overseas Bank is a leading Asian bank offering a comprehensive range of financial services across its Group Retail, Group Wholesale Banking, and Global Markets segments. Its offerings include personal, private, commercial, and corporate banking, investment banking, asset management, and insurance services. The bank is headquartered in Singapore and was founded in 1935.

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United Overseas Bank (UOB SP)

CEO of Sabana Industrial Reit’s manager adds to his stake in the Reit

FOR the trading sessions that spanned Oct 21 to 27, the Straits Times Index (STI) declined 0.3 per cent, with the Hang Seng Index falling 6.1 per...

Singapore Exchange Ltd (SGX)

Singapore Net Fund Inflows in 3Q22 Led by Banks

The STI’s 2.4% total return in 3Q22 was mainly driven by the trio of DBS, OCBC and UOB, which averaged a 7.3% total return over the...

Singapore Exchange Ltd (SGX)

Five STI Heavyweights Book 9% QTD Total Return

With one week remaining for 3Q22, the STI has booked a 5.5% total return for the quarter, outpacing the FTSE Developed Index’s 1.3% decline. The...

Singapore Exchange Ltd (SGX)

Emperador to Join STI on 19 Sep

Effective the 19 Sep market open, Emperador will join the STI with an indicative weight of 0.4%, taking the number of stocks representing the...

Singapore Exchange Ltd (SGX)

Wee Ee Cheong boosts UOB stake

Inside Insights - Wee Ee Cheong boosts UOB stake For the 5 trading sessions that spanned Aug 19 to Aug 25, the Straits Times Index (STI) declined...

Singapore Exchange Ltd (SGX)

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