Singapore’s 30 most traded stocks outside of the STI have seen ~S$670 million in net institutional fund outflows in the 2022 year-to-date, with declines in October, bringing their average 2022 year-to-date decline in total return of the stocks to 5%. The most represented sectors among the 30 stocks are REITs, technology, consumer non-cyclicals and the energy sectors.
The 5 of the 30 stocks that saw the highest net institutional fund inflows proportionate to market value in in the 2022 year to 28-Oct included Riverstone, Sembcorp Marine, Sheng Siong, Golden Energy & Resources, and CapitaLand Ascott Trust. Total returns of the 5 stocks over the 43 weeks varied from -10% for Riverstone to +202% for Golden Energy & Resources.
The most defensive of 30 stocks for October ahead of the final session for the month, included Sembcorp Marine, Golden Energy & Resources, CapitaLand India Trust, Geo Energy Resources, First Resources, RH Petrogas, Golden Agri-Resources and iFAST, with the 8 gainers averaging 8% total returns for the month, while technology and technology-adjacent stocks led the declines.
Ahead of the final trading session of the month, Singapore’s 30 most traded stocks by turnover this year that are outside of the STI, averaged 6% declines in October. Total returns for the month varied from a 19% gain for Sembcorp Marine to a 41% decline for NIO. This brought the average 2022 to 28-Oct decline in total return for the 28 of the 30 stocks that have been listed for the entire period to a 5% decline (with the median decline at 11%). This compared to 1% total return for the STI and 16% decline for the FTSE Developed Index.
Among these 30 stocks, tabled below, 8 stocks outpaced the STI in the 2022 year through to 28 Oct, led by Golden Energy & Resources (SGX:AUE) and Sembcorp Marine (SGX:S51). In total, 19 stocks performed better than the FTSE Developed Index, with 2 of the 30 stocks listing within the period – Yangzijiang Financial (SGX:YF8) and NIO (SGX:NIO).
Like the global stock market, where the technology sector has been the weakest sector in the year thus far, 5 of the 30 stocks that represent the technology sector in the table below were among the 6 least performing stocks over the past 43 weeks – AEM (SGX:AWX), UMS (SGX:558), Frencken (SGX:E28), NanoFilm Technologies (SGX:MZH), iFAST (SGX:AIY).
Similarly, as energy stocks have led the global stock market this year, the 4 energy stocks tabled below have averaged 57% total returns over the past 43 weeks (with the median gain at 26%) – Golden Energy & Resources (SGX:AUE), Geo Energy Resources (SGX:RE4), RH PetroGas (SGX:T13), Rex International (SGX:5WH).
| SGX Listed Stock (In order of Non-STI constituents & most traded by 2022 YTD turnover) |
SGX Code |
Market Cap S$m |
YTD Net Institutional Inflow S$M |
YTD Total Return % |
MTD Total Return % |
5-Day Average Bid/Ask Spread (bps) |
180-Day Historical Volatility % |
Sector |
|---|---|---|---|---|---|---|---|---|
| Suntec REIT | T82U | 3,739 | -7.5 | -10 | -15 | 73.7 | 18 | REITs |
| Yangzijiang Financial | YF8 | 1,201 | -224.2 | N/A | -13 | 147.3 | 51 | Financial Services |
| Sembcorp Marine | S51 | 3,955 | 152.7 | 54 | 19 | 82.9 | 49 | Industrials |
| ComfortDelGro | C52 | 2,729 | -76.9 | -6 | -5 | 79.4 | 19 | Industrials |
| Keppel REIT | K71U | 3,433 | -25.4 | -14 | -7 | 55.2 | 22 | REITs |
| AEM | AWX | 960 | -27.7 | -39 | -22 | 33.8 | 32 | Technology (Hardware/ Software) |
| Frasers Centrepoint Trust | J69U | 3,540 | -31.5 | -8 | -4 | 48.9 | 20 | REITs |
| CapitaLand Ascott Trust | HMN | 3,235 | 11.8 | -4 | -4 | 54.8 | 22 | REITs |
| UMS | 558 | 592 | -24.4 | -40 | -30 | 56.4 | 36 | Technology (Hardware/ Software) |
| NetLink NBN Trust | CJLU | 3,332 | -103.8 | -12 | -6 | 60.3 | 15 | Telecommunications |
| Golden Agri-Resources | E5H | 3,487 | 12.0 | 16 | 4 | 182.8 | 37 | Consumer Non-Cyclicals |
| Geo Energy Resources | RE4 | 555 | -10.5 | 42 | 8 | 128.3 | 54 | Energy/ Oil & Gas |
| Lendlease REIT | JYEU | 1,583 | -4.7 | -15 | -9 | 72.5 | 27 | REITs |
| First Resources | EB5 | 2,323 | 1.6 | 2 | 6 | 68.6 | 41 | Consumer Non-Cyclicals |
| Rex International | 5WH | 293 | -14.3 | -25 | 0 | 217.9 | 57 | Energy/ Oil & Gas |
| Golden Energy & Resources | AUE | 2,308 | 16.3 | 202 | 10 | 59.8 | 80 | Energy/ Oil & Gas |
| Frencken | E28 | 342 | -56.5 | -58 | -18 | 62.9 | 45 | Technology (Hardware/ Software) |
| NIO Inc. | NIO | 20,286 | -20.9 | N/A | -41 | 63.3 | 76 | Consumer Cyclicals |
| CapitaLand China Trust | AU8U | 1,640 | -71.1 | -13 | -6 | 51.9 | 20 | REITs |
| Digital Core REIT | DCRU | 877 | -12.9 | -49 | -23 | 91.8 | 40 | REITs |
| Nanofilm Technologies | MZH | 1,151 | -76.1 | -54 | -17 | 67.6 | 38 | Technology (Hardware/ Software) |
| ESR-LOGOS REIT | J91U | 2,244 | -24.3 | -27 | -6 | 150.1 | 27 | REITs |
| Sheng Siong | OV8 | 2,346 | 66.8 | 11 | -1 | 62.3 | 14 | Consumer Non-Cyclicals |
| RH Petrogas | T13 | 150 | -5.3 | 10 | 4 | 56.7 | 84 | Energy/ Oil & Gas |
| CapitaLand India Trust | CY6U | 1,322 | -38.9 | -14 | 9 | 90.4 | 26 | REITs |
| iFAST | AIY | 1,178 | -66.8 | -52 | 2 | 41.4 | 39 | Technology (Hardware/ Software) |
| Olam Group | VC2 | 4,992 | -32.8 | -22 | -1 | 85.3 | 28 | Consumer Non-Cyclicals |
| Keppel Infrastructure Trust | A7RU | 2,671 | -6.0 | 5 | -1 | 96.0 | 16 | Utilities |
| Riverstone | AP4 | 771 | 31.7 | -10 | -10 | 98.2 | 50 | Healthcare |
| Raffles Medical | BSL | 2,354 | -1.7 | -5 | -5 | 79.8 | 25 | Healthcare |
| Total | 79,591 | -671 | ||||||
| Average | -5 | -6 | 37 |
Source: SGX, Bloomberg, Refinitiv (Data as of 28 Oct 2022)
