Singapore's three listed banks, DBS, OCBC and UOB averaged a marginal gain yesterday amidst declines in the broader markets. This was on the back of a 4.0% average gain last week, in contrast to the Bloomberg Asia Pacific Banks Index gain of 3.4%.
The unexpected election of Donald Trump as US President has sparked increased volatility and uncertainty in global markets this week. A Trump victory initially triggered a knee-jerk collapse in stock market futures and a surge in gold prices as investors fled to haven assets, but since then, global equity and commodity markets have registered mixed performances.
The three SGX-listed gold mining stocks have averaged 4.6% gain on Wednesday, ranging from +2.9% for Anchor Resources to 5.9% for Wilton Resources. All three SGX-listed gold mining stocks are at different stages of exploration and production and have all provided recent updates to their operations in the past fortnight. The SPDR® Gold Shares ETF gained 0.9% (1.5% in SGD) yesterday, bringing the one-month SGD equivalent total return to 4.8% and YTD gain to 19.2%.
The SGX All Healthcare Index has generated a 6.4% total return in the year-to-date, and maintains a dividend yield of 5.9%. This compares with the MSCI AC Asia Pacific Asia ex-Japan Health Care Index, which has declined 2.4% in Singapore dollar terms over the same period, and maintains a yield of 1.2%.
Three Consumer Staples stocks – Super Group, Japfa and SunMoon Food Company – and one Consumer Discretionary stock, Genting Singapore, were among the 10 biggest volume leaders last week.
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