Effective 19 October, CapitaLand Commercial Trust will be deleted from the STI in preparation for its merger with CapitaLand Mall Trust. Keppel DC REIT, the largest stock on the STI Reserve List (as at 14 Oct 2020), is scheduled to join the STI.
Singapore is expected to show signs of a 3Q20 recovery in its highly services-orientated economy from 2Q20 following the lifting of CB Measures. For the remainder of the 2020, the Banks, Real Estate and Industrial Sectors will be large determinants of the STI’s performance which will take cues from both these domestic and external drivers. Since 1985, the STI has averaged a 4% gain in the fourth quarter of the year.
Singapore’s 5 most traded stocks representing the energy sector include Rex International, AusGroup, Interra Resource, China Aviation Oil and Mermaid Maritime decline in-line with Crude Oil prices in September, averaging 10.4% declines for the month.
Singapore’s largest non-cyclical consumer stocks by market cap focused on food production have averaged 5% defensive total returns since regional market highs on 9 June. The strongest performers of this group of SGX listed stocks over the period were Mewah International, Del Monte Pacific, ABR Holdings, QAF and Wilmar International.
In September, 24 SGX primary-listed stocks bought back shares for a total consideration of S$43 million. STI constituents Yangzijiang Shipbuilding, Keppel Corporation and ST Engineering led the buyback consideration in September. As many as 9 companies commenced new mandates, which included Ho Bee Land and Boustead Singapore.
The 30 Singapore stocks that saw the highest net institutional inflows in 3Q20 included stocks from Technology, Retail & Tourism related sectors. Venture Corporation, AEM Holdings, Mapletree Industrial Trust, UMS Holdings and Hi-P International were among the 30 stocks with a combined net institutional inflow of S$154 million in 3Q20.
The iEdge SG All Healthcare Index has generated a 30% total return in 3Q20, adding to its 37% total return in 1H20. Top Glove Reported 412% Net Profit Growth in FY20 & Provided Outlook Beyond 2020. Malaysia EPF Becomes Substantial Shareholder of Riverstone Holdings.
Singapore’s 5 most traded Consumer Cyclical stocks include Genting Singapore, Singapore Press Holdings, Jardine Cycle & Carriage, Sri Trang Agro-Industry and Accordia Golf Trust. Together the 5 stocks, have businesses that span multiple industries, as well as Singapore, ASEAN, Japan in addition to China. Sri Trang Agro-Industry has been the strongest performer of the 5 stocks.
Dasin Retail Trust topped Low Volatility factor exposure rankings of more than 100 actively traded Singapore stocks for the 12 months ending 30 June 2020. 8 Real Estate stocks also made up the 10 of the 40 Low Volatility factor exposure stocks with the highest net institutional inflow (proportionate to market capitalisation) in the 2020 year to 21 Sep.
Since the STI formed its 9 June high, through to 15 September, the most defensive of the five Industrial stocks was Yangzijiang Shipbuilding Holdings which declined 3.4% while the STI declined 9.5%.
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