The FTSE ST All Share Index generated a 3.6% total return in the 2021 year-to-date, with net institutional outflows of S$232 million. The 106 stocks include STI constituent stocks, mid-cap and small-cap stocks which include 37 trusts of the REIT Sector.
The past 6 weeks have seen similar sector trends within the Index as observed in 2020, with Technology and Consumer Non-Cyclical stocks among the stronger sectors, while the Consumer Cyclical and Real Estate (excluding REITs) sectors have lagged the Index.
The 20 stocks with the highest net institutional inflows over the past 6 weeks represent 7 sectors, have averaged 10% total returns over the period, with 8 of the 20 stocks also recipient to the highest net institutional flows proportionate to market value.
The FTSE ST All Share Index is comprised of 106 constituents which includes the 30 stocks of the Straits Times Index and 76 mid-cap to small-cap stocks. Market capitalisation of the stocks range from S$66 billion for DBS Group to S$94 million for mm2 Asia. The Index has generated a 3.3% gain in the 2021 year to 16 February, with dividend distributions, predominately from REITs boosting the total return to 3.6%.
Thomson Medical Group Leads Health Stocks and Index in 2021 Year-To-Date
The past 6 weeks have seen similar sector trends within the FTSE ST All-Share Index as observed in 2020. Technology was the strongest sector of the Index in 2020 and has been the second strongest sector of the Index in the 2021 year to 16 February. The 80% gains of Thomson Medical Group in the 2021 year to 16 February means that the Healthcare Sector, represent by 3 stocks in total, has been the strongest sector of the Index for the 6 weeks period. Thomson Medical Group has also been the strongest constituent of the Index for the period.
On 8 February, Thomson Medical Group reported net profit after tax of S$9.7 million for its 1HFY21 (ended 31 Dec 2020), a reversal from its S$1.0 million loss in 1HFY20 (click here for more). The leading healthcare player in the South-East Asian region with Singapore and Malaysia operations also noted that excluding COVID-19 related grants from the Singapore Government, the Group remained profitable recording a net profit after tax of S$4.5 million.
The Index’s Consumer Non-Cyclical stocks have been the third strongest sector in the 2021 year to 16 February, averaging 11% total returns, following on from averaging 4% declines in 2020. Meanwhile Consumer Cyclicals and Real Estate (excluding REITs) have remained laggard Sectors over the period.
20 Index Stocks Most Sought By Institutions in 2021 Year-To-Date
The 20 stocks with the highest net institutional inflows over the past 6 weeks represent 7 sectors, have averaged 10% total returns over the period, with the median total return at 7%. The 20 stocks include a number of stocks that lagged the FTSE ST All-Share Index in 2020, including Sembcorp Marine, Singapore Press Holdings, Jardine Cycle & Carriage, Singapore Airlines and Dairy Farm International.
While the entire 106 stocks have been recipient to net institutional outflows of S$232 million in the 2021 year to 16 February, the 20 stocks tabled below drew combined inflows of S$630 million. 8 of the 20 stocks were also among the 10 stocks recipient to the highest net institutional flows proportionate to market value, including AEM Holdings, Jardine Cycle & Carriage, UMS Holdings, Sembcorp Marine, Yangzijiang Shipbuilding, Singapore Press Holdings, CapitaLand China Trust and ARA LOGOS Logistics Trust.
| Stock | SGX Code |
Market Cap S$m |
Net Institutional Flow (S$M) |
Net Institutional Flow / Market Cap (%) |
YTD Total Return % |
2020 Total Return % |
Sector |
|---|---|---|---|---|---|---|---|
| UOB | U11 | 40,181 | 124.5 | 0.31% | 6.3 | -9.6 | Financial Services |
| OCBC Bank | O39 | 47,602 | 62.3 | 0.13% | 5.8 | -3.6 | Financial Services |
| Wilmar International | F34 | 34,810 | 61.7 | 0.18% | 18.5 | 16.7 | Consumer Non-Cyclicals |
| AEM | AWX | 1,264 | 49.0 | 3.88% | 33.0 | 74.6 | Technology (Hardware/ Software) |
| Jardine C&C | C07 | 8612 | 44.3 | 0.51% | 11.5 | -32.0 | Consumer Cyclicals |
| SGX | S68 | 10,734 | 39.0 | 0.36% | 8.8 | 8.4 | Financial Services |
| UMS | 558 | 731 | 36.6 | 5.01% | 26.9 | 10.5 | Technology (Hardware/ Software) |
| Sembcorp Marine | S51 | 2021 | 32.5 | 1.61% | 12.6 | -83.1 | Industrials |
| DBS | D05 | 66333 | 29.3 | 0.04% | 3.8 | 1.7 | Financial Services |
| Yangzijiang Shipbuilding | BS6 | 4041 | 26.5 | 0.65% | 9.9 | -10.8 | Industrials |
| Singapore Airlines | C6L | 13046 | 24.2 | 0.19% | 2.8 | -32.8 | Industrials |
| Keppel DC REIT | AJBU | 4753 | 14.8 | 0.31% | 5.2 | 38.4 | REITs |
| SPH | T39 | 1942 | 14.2 | 0.73% | 8.0 | -47.2 | Consumer Cyclicals |
| CapitaLand China Trust | AU8U | 2109 | 13.5 | 0.64% | 0.4 | -7.0 | REITs |
| SATS | S58 | 4625 | 11.4 | 0.25% | 3.8 | -21.3 | Industrials |
| Dairy Farm International | D01 | 7903 | 11.2 | 0.14% | 6.0 | -24.7 | Consumer Non-Cyclicals |
| Venture Corp | V03 | 5910 | 9.9 | 0.17% | 4.9 | 25.2 | Technology (Hardware/ Software) |
| Keppel REIT | K71U | 4040 | 8.6 | 0.21% | 8.0 | -6.3 | REITs |
| ARA LOGOS Logistics Trust | K2LU | 920 | 8.5 | 0.92% | 21.4 | -7.3 | REITs |
| CapitaLand | C31 | 16254 | 8.5 | 0.05% | -4.6 | -8.9 | Real Estate (excl. REITs) |
| Average | 9.7 | -6.0 | |||||
| Median | 7.1 | -7.2 |
Source: Reuters, Bloomberg, SGX StockFacts (Data as of 16 February 2021)
