Highlights

SGX Market Updates

Author: SGX   |   Latest post: Mon, 27 Sep 2021, 11:20 AM

 

Most Tradable Gainers of the FTSE ST All-Share Index in 1H21

Author:   |    Publish date:


  • The 10 constituents of the FTSE ST All-Share Index that generated gains in 1H21, and generated the highest intra-day trading ranges in terms of basis points included Golden Agri-Res, HPH Trust USD, Thomson Medical, First REIT, China Everbright, COSCO SHP SG, Riverstone, Hong Leong Asia, Frencken and UMS.
     
  • The 10 stocks averaged 353 bps in median daily trading ranges, with combined turnover close to S$40 million a day. Institutions and proprietary traders were net buyers of the 10 stocks with net inflows of S$141 million, while retail were net sellers with S$138 million of net outflows, and market makers made up the S$2 million difference.
     
  • As the most tradable constituent of the FTSE ST All-Share Index in 1H21, Golden Agri-Res maintained a median daily trading ranges of 432 bps, with a 6-month VWAP of S$0.218, high of S$0.295 and low of S$0.159, while averaging S$1.2 million on the best bid and best offer prices. The stock also generated a 47% total return in 1H21.

 

The FTSE ST All-Share Index is comprised of 107 stocks that include the stocks of the STI and a number of mid-cap and small-cap stocks, with the largest sector representation the Banks (35%), Real Estate (27%) and Industrial Goods and Services (10%). During 1H21, the Index gained 9.7%, with dividends boosting the total return to 11.6%.

As economies draw closer to normalisation in 2H21, rotations and interest in active, short-term trading is expected continue as investors look to more macroeconomic cues, in addition to progress on containing COVID-19. This means stock tradability will continue to be relevant, which in this context is simply referring to stocks with a history of greater intra-day trading ranges, which can bring greater market risk.   

The 10 constituents of the FTSE ST All-Share Index that generated gains in 1H21 and saw the highest intra-day moves, gauged by median amplitude in basis points (“bps”) are tabled below. Amplitude is simply the difference between daily high and daily low price divided by the volume weighted average price (“VWAP”) of the stock, and used to gauge the tradability of a stock, with the higher amplitude reflecting greater potential for risk to return for active and intra-day traders.

10 Gainers of FTSE ST All Share Index in 1H21 with highest bps in median daily trading ranges

Code

1H21 Total Return %

1H21 Median Amplitude Ticks

1H21 Median Amplitude Bps

1H21 Average of Best Ask Depth (S$M)

1H21 Average of Best Bid Depth (S$M)

1H21 Average Daily T/O (S$M)

1H21 Net Insti & Net Prop Flow (S$M)

1H21 Net Market Maker Flow (S$M)

1H21 Net Retail Flow (S$M)

Golden Agri-Res

E5H

47.5

3

431

1.16

1.20

5.1

23.7

-0.36

-23.3

HPH Trust USD

NS8U

20.6

2

426

1.08

1.14

3.0

-3.1

-0.17

3.2

Thomson Medical

A50

72.0

4

388

0.23

0.24

5.0

23.8

0.01

-23.8

First REIT

AW9U

29.6

2

374

0.73

0.91

1.3

6.5

-1.16

-5.3

China Everbright

U9E

18.0

2

370

0.25

0.33

0.5

-7.8

0.05

7.8

COSCO SHP SG

F83

5.4

2

339

0.47

0.42

2.3

6.7

-0.07

-6.7

Riverstone

AP4

15.8

4

323

0.25

0.23

5.4

3.1

-0.29

-2.8

Hong Leong Asia

H22

24.8

5

303

0.05

0.06

1.1

3.9

0.06

-3.9

Frencken

E28

44.6

5

292

0.23

0.24

4.7

23.1

-0.24

-22.9

UMS

558

41.7

4

287

0.86

0.75

11.0

60.8

-0.04

-60.8

Average

 

32

3

353

0.53

0.55

 

 

 

 

Total

 

 

 

 

 

 

39.4

141

-2

-138

 Source: SGX, Bloomberg, Refinitiv (Data as of 30 June 2021)

 

The 10 stocks averaged 353 bps in median daily trading ranges in 1H21, ranging from 431 bps for Golden Agri-Resources to 287 bps for UMS Holdings. Together the 10 stocks also generated S$39.4 million a day in turnover, representing 3% of the S$1.4 billion in total turnover for all companies and trusts listed on Singapore Exchange over the six months. Institutions and proprietary traders were net buyers of the 10 stocks, with combined net inflows of S$141 million, while retail were net sellers with S$138 million of net outflows, as market makers made up the S$2 million difference.

As the most tradable constituent of the FTSE ST All-Share Index in 1H21, Golden Agri-Resources maintained a median daily trading ranges of 432 bps. The extend of the short term opportunities for increased risk to return was further  demonstrated with the 6-month VWAP at S$0.218, while forming a high of S$0.295 and low of S$0.159 over the six months. While averaging S$5.1 million a day in turnover Golden-Agri Resources also averaged S$1.2 million on the best bid and best offer prices throughout the six months. The stock also generated a 44.7% price gain, and total return of 47.5% over the 1H21. Golden Agri-Resources ended 1H21 with its share price at S$0.230, with median amplitude of 3 ticks a day. In its 1Q21 Performance Update on 12 May, Golden Agri-Resources reported its 1Q21 (ended 31 Mar) EBITDA more than doubled to US$232 million compared 1Q20 with the 1Q21 underlying profit and net profit seeing a turnaround to US$99 million and US$41 million, respectively (click here for more). Golden Agri-Resources noted that as COVID-19 vaccination is progressing worldwide, it was optimistic that demand for vegetable oils will remain strong both in the food and energy sectors. The share price ended today at S$0.220, with a 3 tick trading range, with the high at S$0.225 and low at S$0.215, representing more than 400 bps in amplitude. 

Share this

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
 
 

158  155  217  626 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 Sembcorp Marine 0.083+0.002 
 FJ Benjamin^ 0.035+0.009 
 Blumont^ 0.004-0.001 
 HSI 22600MBeP.. 0.096-0.018 
 RH PetroGas 0.147+0.012 
 Genting Sing 0.725-0.02 
 YZJ Shipbldg SGD 1.41+0.01 
 HSI 23000MBeP.. 0.055-0.018 
 Anchor Resources 0.026+0.001 
 Hatten Land 0.057+0.002