The first 11 sessions of October have seen the Straits Times Index (“STI”) gain 2.9%, with the broader Singapore stock market recipient to S$280 million in net institutional inflow. This follows a 1.1% total return in September with close to S$330 million of net institutional inflow. Moreover, the STI has also covered more ground over the past 11 eleven sessions than it did for the whole month of October, with approximately 140 points between high and low in the month thus far, compared to the approximate 70 point range in September.
Of the 30 stocks that saw the highest net institutional inflow since 30 Sep, 20 were STI constituents. United Overseas Bank (“UOB”) and Oversea-Chinese Banking (“OCBC”) and Singapore Telecommunications (“Singtel”) led the net institutional buying:
The 10 Non-STI stocks that saw the highest net institutional inflow since 30 Sep, were Geo Energy Resources, Singapore Press Holdings, Raffles Medical Group, First Resources, Golden Agri-Resources, Rex International Holdings, Ascott Residence Trust, Hutchison Port Holding Trusts, CDL Hospitality Trust and Olam International. These 10 stocks represent six sectors, and generated median 8% gains over the 11 sessions, with average total returns at 15%, skewed by gains the two Energy stocks – Geo Energy Resources, closely followed by Rex International Holding. In its FY20 (ended 31 Dec), Geo Energy Resources reported 66% of its revenue to China, and on 13 Oct announced it had completed the redemption of all its outstanding bonds, and expects a strong second half performance in view of higher volumes and heightened coal prices. These 10 Non-STI stocks showed further rotation to the Energy stocks and Agribusinesses over the first 11 sessions of October, while institutional investors also rotated to Hospitality-related stocks.
Together the 30 stocks that saw the highest net institutional inflow since 30 Sep booked a total of S$639 million in net institutional inflow, and are tabled below, sort by highest net institutional inflows for the 11 sessions. With the exception of the Materials & Resources Sector, all the Sectors of the stock market were represented by the 30 stocks.
Stock |
Code |
Mkt Cap S$M |
Oct MTD Net Insti Inflow S$M |
Oct MTD Total Return % |
2021 YTD Net Insti Inflow S$M |
2021 YTD Total Return% |
Sector |
UOB |
U11 |
44,717 |
124.0 |
3 |
356.9 |
23 |
Financial Services |
Singtel |
Z74 |
41,444 |
58.9 |
2 |
-132.1 |
10 |
Telecommunications |
OCBC Bank |
O39 |
53,392 |
50.5 |
3 |
237.6 |
22 |
Financial Services |
Jardine C&C |
C07 |
9,106 |
48.2 |
19 |
48.2 |
22 |
Consumer Cyclicals |
SIA |
C6L |
16,470 |
47.4 |
10 |
-253.6 |
30 |
Industrials |
CapLand Int Com T |
C38U |
13,864 |
31.4 |
5 |
9.1 |
2 |
REITs |
CityDev |
C09 |
6,720 |
24.0 |
7 |
-240.9 |
-5 |
Real Estate (excl. REITs) |
Geo Energy Res |
RE4 |
577 |
20.7 |
49 |
26.3 |
142 |
Energy/ Oil & Gas |
ThaiBev |
Y92 |
17,960 |
20.5 |
9 |
-331.9 |
0 |
Consumer Non-Cyclicals |
SPH |
T39 |
3,167 |
18.7 |
2 |
219.9 |
79 |
Consumer Cyclicals |
ST Engineering |
S63 |
12,185 |
17.3 |
3 |
-58.5 |
6 |
Industrials |
Keppel Corp |
BN4 |
10,026 |
17.3 |
6 |
-97.2 |
6 |
Consumer Non-Cyclicals |
SATS |
S58 |
4,881 |
15.9 |
5 |
34.0 |
9 |
Industrials |
HongkongLand USD |
H78 |
15,803 |
13.7 |
4 |
-27.6 |
30 |
Real Estate (excl. REITs) |
YZJ Shipbldg SGD |
BS6 |
5,488 |
13.5 |
1 |
257.0 |
50 |
Industrials |
Raffles Medical |
BSL |
2,898 |
12.7 |
6 |
76.7 |
59 |
Healthcare |
Venture |
V03 |
5,532 |
10.4 |
6 |
-154.3 |
2 |
Technology (Hardware/ Software) |
JMH USD |
J36 |
54,276 |
9.5 |
4 |
-64.1 |
4 |
Consumer Non-Cyclicals |
First Resources |
EB5 |
2,761 |
9.3 |
7 |
15.7 |
40 |
Consumer Non-Cyclicals |
Wilmar Intl |
F34 |
27,629 |
7.9 |
4 |
-221.1 |
-2 |
Consumer Non-Cyclicals |
Sembcorp Ind |
U96 |
3,498 |
7.8 |
7 |
67.5 |
18 |
Utilities |
Genting Sing |
G13 |
9,592 |
7.7 |
10 |
-113.8 |
-5 |
Consumer Cyclicals |
UOL |
U14 |
6,138 |
7.0 |
6 |
-33.3 |
-4 |
Real Estate (excl. REITs) |
Golden Agri-Res |
E5H |
3,363 |
5.7 |
13 |
45.0 |
70 |
Consumer Non-Cyclicals |
Rex Intl |
5WH |
404 |
5.7 |
48 |
15.7 |
112 |
Energy/ Oil & Gas |
Ascott Trust |
HMN |
3,306 |
5.6 |
9 |
-35.0 |
-2 |
REITs |
HPH Trust USD |
NS8U |
2,702 |
5.0 |
-5 |
0.3 |
28 |
Industrials |
CDL H Trust |
J85 |
1,499 |
4.7 |
17 |
-10.1 |
0 |
REITs |
Mapletree Com Tr |
N2IU |
7,108 |
4.5 |
3 |
-21.6 |
3 |
REITs |
Olam Intl |
O32 |
6,495 |
3.8 |
0 |
17.6 |
25 |
Consumer Non-Cyclicals |
Total |
|
393,001 |
629 |
|
-368 |
|
|
Average |
|
|
|
9 |
|
26 |
|
Source: SGX, Reuters (Data as of 15 October 2021)
The stocks that have seen the most net institutional outflows over the past 11 sessions include Singapore Exchange, Nanofilm Technologies International, Keppel Infrastructure Trust, Keppel DC REIT, CapitaLand China Trust, Mapletree Industrial Trust, UMS Holdings, CapitaLand Investment, iFAST Corporation, Mapletree Logistics Trust. These 10 stocks saw a total of S$274 million in net institutional outflow, while averaging a 1% decline over the 11 sessions, bringing their average total return in the 2021 year to 15 Oct to 23%.
Chart | Stock Name | Last | Change | Volume |
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Created by SGX | Sep 12, 2024
Created by SGX | Sep 09, 2024
Created by SGX | Sep 03, 2024