Recent geopolitical events have dictated global commodities prices in recent weeks.
While commodities prices have been volatile recently, commodities have been one of the best-performing asset class globally as concerns of supply shortages amidst strong global demand impacted. Some of the key notable top-performers include Wheat, Oil, Palladium, Gold and Nickel.
As seen from Refinitiv/CoreCommodity CRB® Index, which tracks 19 major commodities globally, commodities prices hit a year-high return of +33.1% in early March, declined 9.2% a week later but rebounded 4.2% and has not returned 25.8% in the year to date.
Source: Refinitiv Eikon. Refinitiv/CoreCommodity CRB® Index Total Return
The Refinitiv/CoreCommodity CRB® Index is based on Exchange Traded Futures. The Index represents 19 commodities, grouped by liquidity into 4 groups. Petroleum products capped at 33%, other 3 groups equal weighted
SGX Energy, Materials & Resources Plays in Focus
SGX most traded Energy, Materials & Resources plays have moved in tandem with global commodities prices in recent weeks. In the year-to-date, the most actively traded stocks come from sub-segments including chemicals, coals, gold, iron ore, and oil.
The top 10 actively traded stocks in these segments saw a combined daily turnover of S$29.8 million, increasing 173% as compared to CY2021 overall daily turnover of S$17.2 million. In 2022 YTD, the average price gains of these 10 stocks are at +26.8%, outperforming STI’s +6.6%. Amongst the 10, only China Sunsine Chemical (-4.1%) and International Cement (-3.6%) have seen negative returns YTD.
Most of these names saw net institutional inflows YTD, with the exception from Rex International (-S$3.6 million), China Sunsine (-S$1.6 million), and Interra Resources (-S$0.4 million).
Top 10 actively traded Energy, Materials & Resources plays on SGX are bucketed into the following:
Stock Name | Code | Mkt Cap S$M | 2022 YTD Inti flows (S$m) | 2022 YTD Price Gains % |
Golden Energy & Resources | AUE | 1,373 | 4.0 | 79.3 |
Geo Energy Resources | RE4 | 711 | 24.7 | 49.3 |
Rex International Holding | 5WH | 467 | -3.6 | 16.4 |
China Sunsine Chemical | QES | 458 | -1.6 | -4.1 |
RH Petrogas | T13 | 254 | 3.0 | 87.1 |
Fortress Minerals | OAJ | 238 | 2.2 | 20.3 |
Jiutian Chemical | C8R | 161 | 8.0 | 6.6 |
International Cement | KUO | 155 | 0.7 | -3.6 |
CNMC Goldmine | 5TP | 94 | 0.3 | 12.2 |
Interra Resources | 5GI | 29 | -0.4 | 4.7 |
Average |
|
|
| 26.8 |
Source: SGX, Refinitiv (Data as of 18 March 2022).
Created by SGX | Sep 12, 2024
Created by SGX | Sep 09, 2024
Created by SGX | Sep 03, 2024