SGX Market Updates

Singapore’s Most Traded Stocks, Fund Flows & Performances in 1Q23


PUBLISHED ON |

03 April 2023

  • STI constituents that booked the highest net institutional inflow proportionate to quarter-end market cap included Sembcorp Industries, Genting Singapore and Keppel DC REIT, while Keppel Corp, Yangzijiang Shipbuilding and City Developments booked the highest net institutional outflow proportionate to quarter-end market cap. The STI booked a 0.8% total return for 1Q23, with the FTSE ASEAN All-Share Index gaining 0.3%.

  • In 1Q23 Singapore's 100 most traded stocks averaged 3% total returns, following on from the same 100 stocks averaging 10% average total returns in 2022. Of these 100 stocks, Food Empire, Samudera Shipping, Acesian Partners Delfi and Best World International generated the highest returns in 1Q23, while The Place Holdings, Medtecs International, Japfa, Rex International and Manulife US REIT led the declines for the quarter.

  • Stocks that moved to within the 100 most traded stocks in 1Q23 (from outside the 100 traded stocks in 2022) included Halcyon Agri, Thomson Medical, China Aviation Oil, Tianjin Pharmaceutical Da Ren Tang, Sabana Industrial REIT, Food Empire, Delfi, Pollux Properties, Cosco Shipping International, and Medtecs International.




In 1Q23 Singapore's 100 most traded stocks averaged 3% total returns, following on from the same 100 stocks averaging 10% average total returns in 2022. This was generally in-line with the STI's 0.8% total return, the FTSE ASEAN All-Share Index 0.3% total return and the FTSE Asia Pacific total return of 3.8% in 1Q23.

Within the STI, Yangzijiang Shipbuilding and City Developments were the least performing STI stocks in 1Q23, while Keppel Corporation was among the four strongest performers of the STI in 1Q23, along with Sembcorp Industries, Genting Singapore and Keppel DC REIT.

Within the STI, the net institutional inflow and outflow of each constituent proportionate to the constituent's market capitalisation, saw Sembcorp Industries, Genting Singapore and Keppel DC REIT book the highest proportionate net institutional inflow in 1Q23. Meanwhile Keppel Corporation, Yangzijiang Shipbuilding and City Developments booked the highest proportionate net institutional outflow.

The net institutional outflow booked by Keppel Corporation (and net inflow booked by Sembcorp Marine) in 1Q23 coincided with the completed the combination of Keppel Offshore & Marine with Sembcorp Marine.

1Q23 also saw developments across the 5 key market drivers of global interest rates, decelerating growth, persistent inflation, geopolitical tensions as well as global financial stability being nudged in March. While these drivers began the year as overarching, their universal impact on sectors and stock has been dissipating this quarter, with the OECD noting two weeks ago that emerging-market economies in Asia are likely to be less affected by the global slowdown, helped by the rebound in China and more moderate inflation pressures.

The 100 most-traded Singapore listed stocks in 1Q23 saw a combined S$1.1 billion in average daily trading turnover over the quarter, while contributing the bulk of the S$1.61 billion in net institutional outflow.

Consumer Cyclical, Utilities, Consumer Non-Cyclicals, Technology, Healthcare and Energy Sectors book net institutional inflow in 1Q23, while Financial Services, Telecommunications, REITs, Industrials, Real Estate (excl. REITs) and Materials & Resources booked net institutional outflow.

Stocks that led the net institutional inflow to the Consumer Cyclical Sector in 1Q23 included Genting Singapore, Best World International, Halcyon Agri, Parkson Retail Asia and NIO, in addition to The Hour Glass and Zhongmin Baihui Retail, with the latter two stocks ranking outside the 100 most traded stocks by turnover in 1Q23.

Among the 100 most traded stocks in 1Q23, the 10 that booked the highest net institutional inflow proportionate to quarter-end market capitalisation averaged 19% total returns in 1Q23, compared to a 13% decline for the 10 stocks that booked the highest net institutional outflow proportionate to quarter-end market capitalisation. These stocks are tabled below.

10 stocks that booked the highest net institutional inflow in proportionate to quarter-end market cap among the top 100 most traded SGX stocks in 1Q23 SGX
Code
Market
Cap
S$M
1Q23 Net
Institutional
Inflow
S$M
1Q23 Net
Institutional
Flow /
Market Cap
1Q23
Total
Return
%
2022
Total
Return
%
Sector
Boustead Project * AVM 299 10.5 3.5% 16 -17 Industrials
Acesian Partners 5FW 30 0.9 3.2% 48 162 Industrials
Parkson Retail Asia ^ O9E 55 1.3 2.4% 0 645 Consumer Cyclicals
Best World CGN 1,070 25.3 2.4% 38 37 Consumer Cyclicals
ISDN I07 225 5.0 2.2% 17 -38 Technology
Frencken E28 483 7.8 1.6% 20 -51 Technology
Yangzijiang Financial YF8 1,378 20.9 1.5% 6 N/A Financial Services
CapitaLand China Trust AU8U 1,876 25.8 1.4% 3 -1 REITs
Sembcorp U96 7,793 104.4 1.3% 30 73 Utilities
Genting Singapore G13 13,521 171.2 1.3% 17 26 Consumer Cyclicals


10 stocks that booked the highest net institutional outflow in proportionate to quarter-end market cap among the top 100 most traded SGX stocks in 1Q23 SGX
Code
Market
Cap
S$M
1Q23 Net
Institutional
Inflow
S$M
1Q23 Net
Institutional
Flow /
Market Cap
1Q23
Total
Return
%
2022
Total
Return
%
Sector
The Place Holdings E27 41 -6.4 -15.7% -68 -72 Financial Services
Rex International 5WH 203 -5.1 -2.5% -27 -28 Energy/ Oil & Gas
Prime US REIT OXMU 505 -12.3 -2.4% -16 -47 REITs
Suntec REIT T82U 4,128 -99.4 -2.4% 5 -3 REITs
Keppel Corporation BN4 10,025 -207.0 -2.1% 19 49 Industrials
Jiutian Chemical C8R 145 -2.7 -1.8% -10 16 Materials & Resources
Manulife US REIT BTOU 509 -9.1 -1.8% -23 -53 REITs
ComfortDelGro C52 2,556 -45.6 -1.8% -4 -8 Industrials
Geo Energy RE4 461 -7.8 -1.7% 2 20 Energy/ Oil & Gas
Yangzijiang BS6 4,741 -80.3 -1.7% -12 107 Industrials

Source: SGX, Refinitiv, Bloomberg (Data as of 31 March 2023).
Note: Fund Flows takes account of trades in the 'Buying-in Market' and 'Unit Share Market'.
* Boustead Projects requested mandatory suspension on 28 March, following number of shares in public hands as of 17 March falling below the 10% threshold.
^ on SGX Watchlist.



The 100 most traded stocks in 1Q23 included 4 Catalist-listed stocks - Jiutian Chemical, Pollux Properties, Medtecs International and Acesian Partners.

Stocks that moved from outside the 100 traded stocks in 2022, to within the 100 most traded in 1Q23 included Halcyon Agri, Thomson Medical, China Aviation Oil, Tianjin Da Ren Tang, Sabana REIT, Food Empire, Delfi, Pollux Properties, Cosco Shipping, and Medtecs International.


The 100 most traded SGX-listed stocks in 1Q23, sort by highest trading turnover are tabled below.
100 Most Traded Singapore listed Stocks In 1Q23 SGX
Code
Market
Cap
S$M
1Q23
Average
Daily
Turnover
S$M
1Q23 Net
Institutional
Inflow
S$M
1Q23 Net
Retail
Inflow
S$M
1Q23
Price
Change
%
1Q23
Total
Return
%
Last week of
March Average
Bid/Ask Spread
(bps)
Sector
DBS D05 85,101 146.9 -773.3 560.6 -3 -3 3.9 Financial Services
UOB U11 49,856 101.3 -353.6 262.1 -3 -3 4.5 Financial Services
OCBC O39 55,591 69.4 -31.7 -95.3 2 2 8.7 Financial Services
SingTel Z74 40,601 55.8 -277.8 175.5 -4 -4 41.2 Telecommunications
CapitaLand Integrated Commercial Trust C38U 13,164 43.4 -106.0 49.4 -3 0 51.4 REITs
Yangzijiang BS6 4,741 42.0 -80.3 53.1 -12 -12 82.1 Industrials
Sembcorp Marine S51 8,120 41.5 57.8 -59.8 -14 -14 89.8 Industrials
Genting Singapore G13 13,521 33.7 171.2 -195.7 17 17 91.8 Consumer Cyclicals
Keppel Corporation BN4 10,025 31.4 -207.0 203.2 19 19 18.2 Industrials
CapitaLand Ascendas REIT A17U 12,023 31.1 -14.3 -24.3 4 7 35.4 REITs
CapitaLand Investment 9CI 18,848 26.1 15.6 -34.3 -1 -1 27.7 Financial Services
Mapletree Logistics Trust M44U 8,235 25.2 -5.1 -23.8 8 9 58.7 REITs
Wilmar F34 26,281 25.2 -14.5 6.9 1 1 24.1 Consumer Non-Cyclicals
SIA C6L 17,021 25.2 19.9 -54.3 4 4 17.5 Industrials
Mapletree Pan Asia Commercial Trust N2IU 9,431 19.1 1.3 -4.4 8 9 55.9 REITs
Jardine Matheson J36 18,734 18.1 -29.9 15.0 -5 -2 18.1 Industrials
SGX S68 10,039 18.1 -15.5 -25.3 5 6 11.4 Financial Services
SATS S58 4,150 17.1 3.0 -0.6 4 4 37.3 Industrials
ST Engineering S63 11,413 16.4 38.9 -19.7 9 9 28.0 Industrials
Thai Beverage Y92 15,829 15.8 18.9 -19.0 -8 -6 77.6 Consumer Non-Cyclicals
Sembcorp U96 7,793 15.4 104.4 -97.8 30 30 23.5 Utilities
Jardine Cycle & Carriage C07 12,363 14.9 -5.0 -20.7 9 9 9.5 Consumer Cyclicals
City Developments C09 6,684 14.2 -87.8 69.0 -10 -10 14.2 Real Estate (excl. REITs)
Frasers Logistics & Commercial Trust BUOU 4,870 13.9 3.7 -1.9 13 13 78.0 REITs
Venture Corp V03 5,141 13.2 8.8 -30.4 4 4 8.3 Technology
Suntec REIT T82U 4,128 12.4 -99.4 104.5 4 5 70.2 REITs
Keppel DC REIT AJBU 3,543 12.0 25.3 -33.3 16 19 48.8 REITs
Mapletree Industrial Trust ME8U 6,492 11.4 -3.6 10.6 7 8 42.7 REITs
Hongkong Land H78 13,657 11.2 -5.7 8.7 -5 -1 25.4 Real Estate (excl. REITs)
Keppel REIT K71U 3,323 9.3 -25.0 36.3 -3 0 57.2 REITs
ComfortDelGro C52 2,556 8.3 -45.6 46.4 -4 -4 84.4 Industrials
UMS 558 744 8.3 1.8 8.2 -6 -6 92.6 Technology
UOL Group U14 5,853 6.5 8.8 -6.3 3 3 16.8 Real Estate (excl. REITs)
CapitaLand Ascott Trust HMN 3,439 6.3 -4.7 -0.4 -5 -3 60.4 REITs
Lendlease REIT JYEU 1,580 6.2 -26.2 26.1 -4 0 73.5 REITs
Golden Agri-Resources E5H 3,614 6.0 37.1 -20.0 14 14 174.5 Consumer Non-Cyclicals
AEM AWX 982 5.6 -5.0 2.5 -7 -7 35.4 Technology
Samudera Shipping S56 679 5.5 8.3 -8.7 50 50 78.6 Industrials
Frencken E28 483 5.4 7.8 -7.7 20 20 92.9 Technology
Frasers Centrepoint Trust J69U 3,909 5.3 10.4 -8.4 9 9 45.4 REITs
NanoFilm MZH 1,055 5.3 8.5 -11.1 16 16 64.1 Technology
Yangzijiang Financial YF8 1,378 4.7 20.9 -17.8 6 6 134.8 Financial Services
Olam VC2 6,026 4.3 -0.7 2.2 8 8 69.7 Consumer Non-Cyclicals
CapitaLand China Trust AU8U 1,876 4.2 25.8 -20.0 0 3 88.8 REITs
ESR-LOGOS REIT J91U 2,340 4.1 -7.7 16.8 -12 -7 155.5 REITs
First Resources EB5 2,462 3.6 2.1 -3.3 6 6 64.1 Consumer Non-Cyclicals
Haw Par H02 2,156 3.3 -18.6 11.0 2 2 15.1 Healthcare
Sheng Siong OV8 2,541 3.2 8.5 -8.6 2 2 59.7 Consumer Non-Cyclicals
Best World CGN 1,070 3.1 25.3 -27.7 38 38 44.5 Consumer Cyclicals
Raffles Medical BSL 2,771 3.1 17.7 -19.9 6 6 68.9 Healthcare
NetLink Trust CJLU 3,351 2.8 -10.4 9.0 4 4 59.5 Telecommunications
NIO NIO 20,571 2.8 1.3 10.5 0 0 29.4 Consumer Cyclicals
Golden Energy & Resources AUE 2,612 2.6 19.3 -18.1 26 26 57.9 Energy/ Oil & Gas
DFI Retail D01 5,467 2.6 18.2 -19.1 3 4 37.8 Consumer Non-Cyclicals
Keppel Infra Trust A7RU 2,621 2.5 -3.7 8.1 -3 1 93.9 Utilities
CapitaLand India Trust CY6U 1,270 2.5 -13.5 14.2 -4 0 92.9 REITs
Digital Core REIT DCRU 666 2.1 -9.2 7.6 -19 -17 115.5 REITs
CDL Hospitality Trusts J85 1,474 2.0 0.2 -1.6 -5 -2 85.9 REITs
Geo Energy RE4 461 1.8 -7.8 7.1 2 2 157.5 Energy/ Oil & Gas
Parkway Life REIT C2PU 2,414 1.7 1.5 0.6 6 8 31.4 REITs
Hutchison Port Holdings Trust NS8U 2,171 1.6 0.7 -1.1 -4 1 52.7 Industrials
iFAST AIY 1,442 1.6 -0.3 -0.7 -16 -16 26.6 Technology
Manulife US REIT BTOU 509 1.5 -9.1 9.2 -29 -23 229.7 REITs
Rex International 5WH 203 1.5 -5.1 5.3 -27 -27 74.6 Energy/ Oil & Gas
RH PetroGas T13 159 1.5 -0.3 0.5 1 1 57.4 Energy/ Oil & Gas
ISDN I07 225 1.4 5.0 -6.0 17 17 110.1 Technology
Paragon REIT SK6U 2,675 1.4 16.8 -17.2 5 7 53.9 REITs
Top Glove BVA 2,282 1.4 7.5 -7.7 6 6 176.1 Healthcare
StarHub CC3 1,799 1.3 -0.1 1.2 0 0 97.2 Telecommunications
AIMS APAC REIT O5RU 951 1.3 4.1 -4.4 6 8 76.4 REITs
Dyna-Mac NO4 207 1.2 1.4 -2.7 6 6 84.8 Industrials
Halcyon Agri 5VJ 654 1.2 8.2 -8.8 4 4 121.2 Consumer Cyclicals
Riverstone AP4 889 1.2 -4.1 2.9 -2 2 98.4 Healthcare
Prime US REIT OXMU 505 1.2 -12.3 12.4 -21 -16 161.8 REITs
Sasseur REIT CRPU 919 1.1 -4.3 4.3 -1 0 69.0 REITs
Thomson Medical A50 1,772 1.1 -5.6 3.9 -14 -14 148.1 Healthcare
Yanlord Z25 1,758 1.1 -1.1 1.6 -11 -11 59.0 Real Estate (excl. REITs)
China Aviation Oil G92 843 1.0 5.2 -4.6 10 10 61.5 Industrials
Tianjin Da Ren Tang T14 4,902 1.0 15.0 -16.4 35 35 82.0 Healthcare
SingPost S08 1,125 1.0 4.0 -4.2 -4 -4 99.5 Industrials
Hong Fok H30 836 0.9 -0.6 -0.6 7 7 99.1 Real Estate (excl. REITs)
Japfa UD2 468 0.9 -6.7 6.4 -33 -33 215.3 Consumer Non-Cyclicals
SIA Engineering S59 2,524 0.9 -1.0 -0.3 -4 -4 47.4 Industrials
Parkson Retail Asia ^ O9E 55 0.9 1.3 -1.0 0 0 131.5 Consumer Cyclicals
Far East Hospitality Trust Q5T 1,165 0.9 -0.8 -0.2 -6 -3 84.8 REITs
Emperador. EMI 7,947 0.9 0.6 -0.4 -1 -1 98.9 Consumer Non-Cyclicals
Starhill Global REIT P40U 1,171 0.8 0.5 -0.3 -4 -1 95.9 REITs
Boustead Project AVM 299 0.7 10.5 -10.5 16 16 52.5 Industrials
Sabana REIT M1GU 479 0.7 -0.9 0.8 0 3 117.4 REITs
Acesian Partners 5FW 30 0.7 0.9 -1.3 48 48 158.7 Industrials
Food Empire F03 544 0.7 2.3 -4.3 61 61 84.8 Consumer Non-Cyclicals
Cromwell REIT CWBU 1,223 0.7 -4.4 4.0 1 6 76.1 REITs
Keppel Pacific Oak US REIT CMOU 529 0.7 -8.5 8.3 -18 -13 134.9 REITs
Delfi P34 691 0.7 -2.7 1.3 46 46 91.5 Consumer Non-Cyclicals
Jiutian Chemical C8R 145 0.6 -2.7 2.5 -10 -10 137.3 Materials & Resources
The Place Holdings E27 41 0.6 -6.4 6.5 -68 -68 1,341.2 Financial Services
Pollux Properties 5AE 132 0.6 -0.1 0.0 9 9 214.5 Real Estate (excl. REITs)
Cosco Shipping F83 367 0.6 -1.5 1.5 -8 -8 68.0 Industrials
Medtecs International 546 70 0.6 -0.8 0.7 -36 -36 91.9 Healthcare
MarcoPolo Marine 5LY 161 0.6 0.7 -0.6 5 5 234.2 Industrials
Total 634,011 1,097 -1,591 766
Average 2 3

Source: SGX, Refinitiv, Bloomberg (Data as of 31 March 2023).
Note: Fund Flows takes account of trades in the 'Buying-in Market' and 'Unit Share Market'.
^ on SGX Watchlist.




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