SGX Market Updates

Biggest Movers on Recent STI Swings

SGX
Publish date: Mon, 17 Jul 2023, 04:39 PM
  • On the move in early July, the STI posted a 2.1% decline during the first week, and a 3.5% gain the following week. Global currency, bond and stock markets saw swings on the back of fluid outlooks for US interest rates going into 2024, with China-related developments also impacting the APAC arena.
     
  • Within the STI, Mapletree Logistics Trust, UOL and SATS outpaced the STI, averaging 5.9% gains, while Sembcorp Industries, Hongkong Land and Jardine Matheson led the STI decliners over the two weeks. STI stocks that posted gains over each of the two weeks included UOL, SATS, Singapore Airlines and City Developments.
     
  • Among the 100 most traded Singapore- listed stocks this year, there were another 17 stocks that posted gains in each of the first two weeks of July, with one-third of these stocks representing the Industrials Sector: Acesian Partners, SingPost, ComfortDelGro, Dyna-Mac and Samudera Shipping, in addition to the aforementioned Singapore Airlines and SATS.
     
  • Catalist-listed Acesian Partners was the strongest performing actively traded stock for the first week. Seatrium was the strongest performer for the second week of July while announcing it had secured a Green Trade Finance Facility from OCBC worth an estimated S$1.04 billion. Seatrium reports 1HFY23 results prior to the 28 July open.

For the first week of 7 July, the STI declined 2.1%, before rebounding 3.5% over the second week of the month.

The overall two-week STI gain amounted to 1.3% and brought the 2023 year to 14 July total return to 2.5%. On the global interest rate front, focus on the US Fed Funds Rate going into 2024 saw expectations that the band would be above 5.25% to 5.50% after the 13 Dec FOMC move from 34% on 30 June up to 44% on 6 July, then back to 23% on 14 July. This has brought the US Dollar Index to below the key 100 threshold, while 2-year UST yields declined from 4.98% on 6 July to 4.77% on 14 July. At the same time, low expectations for the 6 to 9 July trip by the US Treasury Secretary to China weighed relevant APAC stock markets just prior to the trip, provided a low base for the STI going into the second week.

During the first week of July, Catalist-listed Acesian Partners was the most defensive stock of Singapore’s actively traded stocks generating a 10.2% total return. The next strongest performers over the first week were Keppel Pacific Oak REIT, First Resources, Japfa and Singapore Post. Meanwhile, Sembcorp Industries, OUE Commercial REIT, Tianjin Pharmaceutical Da Ren Tang Group, CDL Hospitality Trust and Keppel Corporation led the overall broad declines over the first week of July. Of these latter five stocks that led the decliners among the most actives, the three companies, Sembcorp Industries, Tianjin Pharmaceutical Da Ren Tang Group, and Keppel Corporation, have been among the six best performing stocks of the actively traded Singapore stocks so far this year.

For the second week, Seatrium led the rally with a 16.0% gain, with Rex International, Food Empire Holdings, NIO Inc and Catalist-listed Medtecs International Corp the next best performers among the most actives. Stocks that led the actively traded decliners in the second week included Nanofilm Technologies International, Keppel Pacific Oak REIT, Prime US REIT, Tianjin Pharmaceutical Da Ren Tang Group and Hutchison Port Holdings. At either end of the week two leaderboard, corporate announcements saw Seatrium announce it secured a Green Trade Finance Facility from OCBC worth an estimated S$1.04 billion, while Nanofilm Technologies International provided profit guidance for its1HFY23. Seatrium reports 1HFY23 results prior to the 28 July open and Nanofilm Technologies International will report on 10 August.

Overall, the 100 most Singapore traded stocks so far this year (that contribute the lion share of daily trading turnover) averaged a 0.4% decline over the first week of July, then averaged a 2.3% rebound over the second week. The table below details the 21 stocks that posted gains over each of the two weeks. The sectors most represented below included Industrials with seven stocks, and Healthcare with four stocks.

 

Actively Traded Singapore Stocks that booked positive returns in each of the first two weeks of July

Code

Mkt Cap S$M

Ag Daily T/O YTD

S$M

July Week 1 Total Return %

July Week 2 Total Return %

Net Insti Flow Week 2
S$M

July Week 2 Avg Bid/Ask Spread (bps)

July Total Return MTD %

Net Insti Flow YTD S$M

2023 Total Return YTD %

SIA

C6L

22,012

47.1

2.4

1.2

4.7

13.7

3.6

123.3

34.0

SATS

S58

4,054

17.0

2.3

3.0

2.4

37.7

5.4

-61.6

1.3

CityDev

C09

6,303

13.7

0.6

2.8

-0.9

15.1

3.4

-143.3

-13.6

ComfortDelGro

C52

2,664

8.9

3.4

2.5

2.9

83.0

6.0

-35.0

3.5

UOL

U14

5,753

7.3

1.2

4.8

8.2

15.8

6.1

12.5

4.0

AEM SGD

AWX

1,198

5.9

0.8

3.7

1.9

31.1

4.6

44.7

14.7

Samudera Shipping

S56

477

4.6

1.2

1.1

0.1

59.0

2.3

-4.3

34.8

First Resources

EB5

2,365

4.0

7.9

0.7

1.1

66.7

8.6

-3.5

11.0

Rex Intl

5WH

232

2.4

2.6

14.1

0.7

61.7

17.1

-5.1

-14.8

Dyna-Mac

NO4

425

2.0

1.3

5.1

0.8

117.1

6.5

16.6

120.6

Top Glove

BVA

2,042

1.6

4.3

4.1

-0.2

220.6

8.5

9.9

-5.6

RH Petrogas

T13

165

1.3

2.2

6.5

0.5

63.2

8.8

2.2

4.8

IFAST

AIY

1,404

1.2

1.7

1.5

0.2

34.0

3.3

-4.6

-18.2

Medtecs Intl

546

81

1.2

5.3

7.2

0.0

84.0

12.9

-2.6

-25.5

SingPost

S08

1,080

1.1

5.6

1.1

0.3

105.0

6.7

6.5

-7.7

Riverstone

AP4

949

0.9

2.4

0.8

2.6

87.0

3.2

4.1

14.0

Food Empire

F03

626

0.8

2.0

13.5

1.8

90.6

15.7

9.8

94.0

Parkson Retail^

O9E

53

0.8

2.7

3.9

0.0

131.2

6.8

1.5

-3.7

Thomson Medical

A50

1,613

0.8

1.7

1.7

-1.5

161.6

3.4

-10.9

-21.8

Cromwell REIT EUR

CWBU

1,327

0.6

0.1

2.4

-0.1

69.7

2.5

-8.1

15.2

Acesian Partners

5FW

26

0.5

10.2

1.9

0.0

187.5

12.2

0.7

31.0

^ Note on SGX Watchlist. Source: SGX, Bloomberg, Refinitiv (Data as of 14 July 2023). The stocks above are a subset of the 100 most traded Singapore stocks in the 2023 YTD.

Also announced prior to the Friday 14 July open, after Singapore’s GDP expanded 0.4% YoY in 1Q23, it further expanded by 0.7% YoY in 2Q23, as inferred by the advanced 2Q23 GDP report which was mostly based on April and May data. As shown previously in the Industrial Production reports, the weak performance of the manufacturing sector was due to output declines across all manufacturing clusters, except for the transport engineering cluster. On the positive side, the construction sector grew by 6.6% YoY in 2Q23, extending the 6.9% YoY growth in 1Q23, supported by expansions in both public and private sector construction output. In the services sectors, growth in the Information & Communications sector was supported by continued strong demand for IT and digital solution. This saw Venture Corporation and Singapore Telecommunications lead the STI stocks on 14 July.

The recent performances of 100 most traded stocks so far this year and ranked by highest turnover are tabled below.

100 Most Traded Stocks

Code

Mkt Cap S$M

Ag Daily T/O YTD
S$M

July Week 1 Total Return %

July Week 2 Total Return %

Net Insti Flow Week 2
S$M

July Week 2 Avg Bid/Ask Spread (bps)

July Total Return MTD %

Net Insti Flow YTD S$M

2023 Total Return YTD %

Sector

DBS

D05

82,505

135.4

-2.7

4.3

0.8

4.2

1.5

-1403.4

-1.7

Financial Services

UOB

U11

46,594

86.9

-2.1

1.6

-61.4

4.4

-0.6

-766.0

-6.9

Financial Services

OCBC Bank

O39

55,601

60.8

-1.9

2.7

-40.6

8.6

0.7

-176.1

4.9

Financial Services

Singtel

Z74

42,598

51.1

-0.8

4.0

-3.9

39.8

3.2

-200.3

0.4

Telecommunications

SIA

C6L

22,012

47.1

2.4

1.2

4.7

13.7

3.6

123.3

34.0

Industrials

Seatrium

S51

9,894

42.4

0.0

16.0

75.1

73.4

16.0

142.3

5.1

Industrials

CapLand IntCom T

C38U

13,104

37.4

-2.6

5.9

2.0

52.0

3.1

-106.5

-0.9

REITs

YZJ Shipbldg SGD

BS6

6,005

34.6

-2.0

3.4

4.1

66.7

1.3

-14.4

16.3

Industrials

Genting Sing

G13

11,529

33.6

-1.1

2.7

-4.6

53.1

1.6

136.9

1.9

Consumer Cyclicals

CapLand Ascendas REIT

A17U

12,381

31.7

-1.8

5.6

2.2

36.7

3.7

-34.3

8.2

REITs

Keppel Corp

BN4

12,018

28.9

-3.9

5.7

-4.1

15.5

1.6

-169.0

48.4

Industrials

CapitaLandInvest

9CI

17,568

24.7

-2.7

6.5

3.9

30.9

3.6

-58.7

-2.8

Financial Services

Mapletree Log Tr

M44U

8,502

24.1

-0.6

6.8

11.1

60.3

6.2

5.3

11.2

REITs

Wilmar Intl

F34

23,785

23.6

-3.4

3.8

11.1

27.0

0.3

27.9

-6.1

Consumer Non-Cyclicals

Sembcorp Ind

U96

9,483

21.5

-7.7

0.0

-2.2

19.4

-7.7

151.8

60.1

Utilities

JMH USD

J36

19,155

18.6

-3.3

-0.2

0.9

10.5

-3.5

-3.2

0.2

Industrials

SATS

S58

4,054

17.0

2.3

3.0

2.4

37.7

5.4

-61.6

1.3

Industrials

ThaiBev

Y92

14,698

16.6

0.0

0.9

1.3

86.5

0.9

-52.5

-11.5

Consumer Non-Cyclicals

SGX

S68

10,221

16.5

-3.4

3.1

-1.1

11.0

-0.4

71.8

8.8

Financial Services

ST Engineering

S63

11,533

16.1

-3.0

3.6

3.6

27.7

0.5

44.9

12.9

Industrials

Mapletree PanAsia Com Tr

N2IU

8,756

16.0

-1.9

5.0

-5.0

61.3

3.1

-48.1

2.7

REITs

Venture

V03

4,418

14.9

-1.5

4.8

1.5

7.4

3.2

-81.3

-8.2

Technology

CityDev

C09

6,303

13.7

0.6

2.8

-0.9

15.1

3.4

-143.3

-13.6

Real Estate (excl. REITs)

Jardine C&C

C07

13,671

13.2

-3.0

2.5

0.0

10.9

-0.6

15.8

25.1

Consumer Cyclicals

Frasers L&C Tr

BUOU

4,766

12.0

-2.4

4.9

1.7

79.7

2.4

-1.2

13.4

REITs

Keppel DC REIT

AJBU

3,837

11.1

-0.9

4.2

3.0

46.0

3.2

37.6

29.2

REITs

Mapletree Ind Tr

ME8U

6,429

10.5

-1.4

4.1

-0.6

45.6

2.7

-33.1

6.3

REITs

Suntec REIT

T82U

3,728

10.3

-2.3

2.4

-2.4

78.5

0.0

-144.1

-4.0

REITs

HongkongLand USD

H78

11,270

10.2

-2.7

-0.8

1.0

27.8

-3.6

-7.2

-14.3

Real Estate (excl. REITs)

ComfortDelGro

C52

2,664

8.9

3.4

2.5

2.9

83.0

6.0

-35.0

3.5

Industrials

Keppel REIT

K71U

3,476

8.0

0.0

2.8

1.2

55.2

2.8

-28.6

4.7

REITs

UOL

U14

5,753

7.3

1.2

4.8

8.2

15.8

6.1

12.5

4.0

Real Estate (excl. REITs)

CapLand Ascott T

HMN

3,844

6.7

-1.9

4.7

1.7

91.8

2.8

17.4

7.9

REITs

UMS

558

724

6.3

-0.9

3.8

-0.1

94.2

2.8

-3.0

-5.8

Technology

Frasers Cpt Tr

J69U

3,774

6.1

-2.3

3.3

1.5

46.5

0.9

2.8

8.2

REITs

AEM SGD

AWX

1,198

5.9

0.8

3.7

1.9

31.1

4.6

44.7

14.7

Technology

Lendlease REIT

JYEU

1,568

5.3

-0.8

3.1

0.0

75.6

2.3

-59.9

-1.0

REITs

Golden Agri-Res

E5H

3,044

5.0

-2.0

0.0

-3.6

207.0

-2.0

20.3

-0.4

Consumer Non-Cyclicals

Frencken

E28

391

4.6

-2.2

4.0

0.7

56.1

1.7

-4.1

0.3

Technology

SamuderaShipping

S56

477

4.6

1.2

1.1

0.1

59.0

2.3

-4.3

34.8

Industrials

Nanofilm

MZH

796

4.2

-0.7

-8.2

-4.2

84.1

-8.9

-0.1

-10.9

Technology

First Resources

EB5

2,365

4.0

7.9

0.7

1.1

66.7

8.6

-3.5

11.0

Consumer Non-Cyclicals

ESR-LOGOS REIT

J91U

2,609

3.7

1.5

0.0

0.6

149.0

1.5

11.3

-2.8

REITs

CapLand China T

AU8U

1,740

3.6

-2.5

3.5

-0.5

83.9

1.0

5.1

-5.4

REITs

YZJ Fin Hldg

YF8

1,223

3.5

0.0

-1.5

0.1

148.1

-1.5

14.1

-1.0

Financial Services

Kep Infra Tr

A7RU

2,897

3.4

0.0

1.0

0.0

97.8

1.0

-26.7

1.4

Utilities

Sheng Siong

OV8

2,451

3.4

-1.8

1.2

-0.2

61.9

-0.6

5.8

0.5

Consumer Non-Cyclicals

Olam Group

VC2

5,450

3.2

0.0

2.2

-1.4

77.6

2.2

-16.4

0.0

Consumer Non-Cyclicals

NetLink NBN Tr

CJLU

3,390

2.9

1.8

0.0

0.7

57.6

1.8

-4.8

7.9

Telecommunications

Rex Intl

5WH

232

2.4

2.6

14.1

0.7

61.7

17.1

-5.1

-14.8

Energy/ Oil & Gas

CapLand India T

CY6U

1,356

2.3

-0.9

0.9

1.6

88.8

0.0

-8.1

5.2

REITs

Raffles Medical

BSL

2,530

2.3

-1.5

1.5

-1.2

73.7

0.0

17.7

-0.2

Healthcare

NIO Inc. USD OV

NIO

21,485

2.3

-0.7

8.5

0.7

23.8

7.7

1.9

3.0

Consumer Cyclicals

Haw Par

H02

2,045

2.1

-1.5

0.3

-1.8

14.8

-1.2

-25.0

-2.0

Healthcare

Golden Energy

AUE

477

2.1

0.0

0.6

0.0

55.6

0.6

28.4

-0.9

Energy/ Oil & Gas

Dyna-Mac

NO4

425

2.0

1.3

5.1

0.8

117.1

6.5

16.6

120.6

Industrials

Best World

CGN

783

2.0

-0.5

-1.1

-0.8

62.1

-1.6

22.8

1.1

Consumer Cyclicals

CDL H Trust

J85

1,492

1.9

-4.9

3.4

0.1

84.1

-1.6

-2.2

-1.4

REITs

AIMS APAC REIT

O5RU

994

1.9

-1.6

0.8

-0.1

81.3

-0.8

-4.9

4.8

REITs

DFIRG USD

D01

5,117

1.8

-3.7

5.5

2.2

40.5

1.6

18.1

-3.1

Consumer Non-Cyclicals

DigiCore REIT USD

DCRU

710

1.8

0.6

-1.9

0.1

104.7

-1.3

-9.8

-11.2

REITs

Geo Energy Res

RE4

313

1.7

2.2

-2.2

-1.4

223.4

0.0

-16.1

-19.8

Energy/ Oil & Gas

ParkwayLife REIT

C2PU

2,269

1.6

-2.6

-1.3

-3.2

31.3

-3.8

-14.8

1.5

REITs

Top Glove

BVA

2,042

1.6

4.3

4.1

-0.2

220.6

8.5

9.9

-5.6

Healthcare

Manulife REIT USD

BTOU

397

1.5

-2.7

-1.9

0.3

60.4

-4.6

-18.1

-40.2

REITs

HPH Trust USD

NS8U

2,222

1.4

1.6

-3.9

0.6

51.6

-2.3

1.8

3.1

Industrials

RH Petrogas

T13

165

1.3

2.2

6.5

0.5

63.2

8.8

2.2

4.8

Energy/ Oil & Gas

IFAST

AIY

1,404

1.2

1.7

1.5

0.2

34.0

3.3

-4.6

-18.2

Technology

Medtecs Intl

546

81

1.2

5.3

7.2

0.0

84.0

12.9

-2.6

-25.5

Healthcare

Yanlord Land

Z25

1,478

1.1

-0.7

0.7

-0.2

65.6

0.0

-8.2

-25.0

Real Estate (excl. REITs)

Prime US REITUSD

OXMU

337

1.1

4.3

-4.1

-0.9

229.6

0.0

-35.1

-44.1

REITs

SingPost

S08

1,080

1.1

5.6

1.1

0.3

105.0

6.7

6.5

-7.7

Industrials

ISDN

I07

192

1.1

-3.7

0.0

-0.8

117.1

-3.7

2.0

1.8

Technology

PARAGONREIT

SK6U

2,678

1.1

-1.0

0.0

0.0

53.6

-1.0

19.9

6.9

REITs

TJ DaRenTang USD

T14

4,726

1.0

-7.2

-3.9

-1.3

85.3

-10.9

40.1

74.6

Healthcare

Sasseur REIT

CRPU

897

1.0

0.0

2.8

0.2

70.6

2.8

-17.7

0.2

REITs

StarHub

CC3

1,795

1.0

-1.0

1.0

0.6

97.0

0.0

-0.4

2.5

Telecommunications

Delfi

P34

801

1.0

-1.6

3.1

0.0

86.7

1.6

-5.3

74.1

Consumer Non-Cyclicals

Riverstone

AP4

949

0.9

2.4

0.8

2.6

87.0

3.2

4.1

14.0

Healthcare

MarcoPolo Marine

5LY

214

0.9

3.6

0.0

0.4

172.7

3.6

5.8

39.0

Industrials

Hong Fok

H30

815

0.9

-0.5

0.5

-0.2

60.8

0.0

6.4

5.8

Real Estate (excl. REITs)

SIA Engineering

S59

2,776

0.9

-1.6

0.8

0.1

42.5

-0.8

4.1

5.6

Industrials

Far East H Trust

Q5T

1,278

0.8

-1.6

3.2

1.2

79.4

1.6

7.7

6.0

REITs

Food Empire

F03

626

0.8

2.0

13.5

1.8

90.6

15.7

9.8

94.0

Consumer Non-Cyclicals

Emperador Inc.

EMI

7,947

0.8

-1.9

-1.0

-0.8

107.9

-2.9

0.4

0.4

Consumer Non-Cyclicals

Parkson Retail^

O9E

53

0.8

2.7

3.9

0.0

131.2

6.8

1.5

-3.7

Consumer Cyclicals

Thomson Medical

A50

1,613

0.8

1.7

1.7

-1.5

161.6

3.4

-10.9

-21.8

Healthcare

PropNex

OYY

1,104

0.7

-2.5

1.0

0.0

51.4

-1.5

-2.4

34.2

Real Estate (excl. REITs)

StarhillGbl REIT

P40U

1,172

0.7

-1.0

2.0

0.0

97.7

1.0

-5.0

-0.7

REITs

Great Eastern

G07

8,520

0.7

-0.2

2.2

-0.7

39.1

1.9

28.1

0.4

Financial Services

China Aviation

G92

800

0.7

-2.7

1.6

0.0

61.3

-1.1

3.0

6.4

Industrials

KepPacOakREITUSD

CMOU

462

0.6

9.0

-4.7

-0.3

154.8

3.9

-14.8

-24.4

REITs

Jiutian Chemical

C8R

107

0.6

-1.8

0.0

-0.5

182.3

-1.8

-5.9

-21.2

Materials & Resources

Cromwell REIT EUR

CWBU

1,327

0.6

0.1

2.4

-0.1

69.7

2.5

-8.1

15.2

REITs

Japfa

UD2

468

0.5

7.0

0.0

0.0

219.2

7.0

-6.9

-30.4

Consumer Non-Cyclicals

Acesian Partners

5FW

26

0.5

10.2

1.9

0.0

187.5

12.2

0.7

31.0

Industrials

Sabana REIT

M1GU

468

0.5

-2.3

0.0

0.1

117.6

-2.3

5.4

1.1

REITs

COSCO SHP SG

F83

354

0.5

-1.3

1.3

-0.1

67.8

0.0

-2.9

-11.7

Industrials

OUE Com REIT

TS0U

1,725

0.5

-7.6

3.3

-0.7

161.1

-4.5

-0.2

-3.2

REITs

Aztech Global

8AZ

540

0.4

-2.1

-0.7

-0.8

83.0

-2.8

-8.8

-14.1

Technology

 

 

 

 

-0.4

2.3

0.1

 

1.9

 

5.2

 

^ Note on SGX Watchlist. Source: SGX, Bloomberg, Refinitiv (Data as of 14 July 2023). The stocks above are a subset of the 100 most traded Singapore stocks in the 2023 YTD.  

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