This year the trio of DBS, UOB and OCBC have contributed more than 25% of the average daily turnover of the Singapore stock market, while averaging a 3% year-to-date total return following the 25% average total return in 2021. Institutions have also been net sellers of the trio in the 2022 year-to-date, following on from net buying in 2021.
Singapore stocks attracted S$97 million of net institutional inflows last week, with the 20 stocks that attracted the most inflows drawing S$156 million $156 million in value, with remaining Singapore-listed stocks seeing S$59 million of net outflows. The 20 stocks also included 8 stocks that attracted the most net institutional inflows for the 2022 year-to-date. These 8 stocks were SingTel, City Developments, Keppel Corporation, Sembcorp Industries, CapitaLand Integrated Commercial Trust, Ascott Residence Trust, Sembcorp Marine and Singapore Airlines.
BA.4 and BA.5 concerns also saw Riverstone and Top Glove average 6% returns last week, while some global rotation into Technology saw Frencken Group, Nanofilm Technologies, ST Engineering, ISDN Holdings, UMS Holdings, Aztech Global, AEM Holdings and Venture Corporation average 2% returns on the week. NIO rallied 18%, while also ranking among Singapore’s 50 most traded stocks.
For the 2Q22 to date, the STI has generated an 8% decline in total return, with the FTSE Developed Index declining 16%. Jiutian Chemical (SGX:C8R) has booked S$23 million of net institutional inflow in the year-to-date which represents 12.0% of the stock’s current market capitalisation of S$195 million.
Singapore’s 5 most traded Utility stocks include Sembcorp Industries, Keppel Infrastructure Trust, China Everbright Water, SIIC Environment Holdings and Union Gas Holdings. The 5 stocks have averaged a 3% total return in the 2022 year-to-date, followed by 40% in 2021, 25% in 2020 and 6% in 2019.
For the first 18 weeks of 2022, eight stocks whose share price gains have been largely associated with higher commodity prices, have averaged a 64% total return for the period, following on from averaging 121% total returns in 2021. Golden Energy and Resources and Geo Energy Resources saw the biggest jump in turnover.
SGX's 10 most actively stocks in the MOE sector outperformed the broader FTSE Straits Times Index (+7.9%) with an average total returns of +20.6% in the year-to-date, building on the +53.5% returns seen in 2021.
For 1Q22, the STI was APACs strongest performing benchmark, with 9.1% price gains boosted to 9.6% by dividends. With 23 of 30 constituents generating positive total returns in 1Q22, the STI outpaced the FTSE APAC Index and FTSE World Index.
The 5 most actively SGX listed F&B plays with domestic exposure are Kimly (SGX:1D0), Jumbo Group (SGX:42R), Japan Foods (SGX:5OI), Pavillon (SGX:596) and RE&S Holdings (SGX:1G1).
Following the heightened volatility in global oil markets that saw Brent Crude Oil close above US$120 over two sessions (7-8 Mar), global markets have rebounded. Since 8 Mar, the STI has generated a 6.0% total return, with global bank stocks rebounding 6.5%, and DBS, OCBC and UOB outperforming with an average 10.3% gains.
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