- Singapore’s 30 most traded stocks outside of the STI have seen ~S$670 million in net fund outflows in the 2022 YTD, with declines in October, bringing their average 2022 YTD decline in total return of the stocks to 5%. The most represented sectors among the 30 stocks are REITs, technology, consumer non-cyclicals and the energy sectors.
- The five of the 30 stocks that saw the highest net fund inflows proportionate to market value in in the 2022 year to 28 Oct included Riverstone, Semb Marine, Sheng Siong, Golden Energy & Res, and CapitaLand Ascott Trust. Total returns of the five stocks over the 43 weeks varied from -10% for Riverstone to +202% for Golden Energy & Res.
- The most defensive of 30 stocks for October ahead of the final session for the month, included Semb Marine, Golden Energy & Res, CapLand India Trust, Geo Energy Res, First Res, RH Petrogas, Golden Agri-Res and iFAST, with the eight gainers averaging 8% total returns for the month, while technology and technology-adjacent stocks led the declines.
Ahead of the final trading session of the month, Singapore’s 30 most traded stocks by turnover this year that are outside of the STI, averaged 6% declines in October. Total returns for the month varied from a 19% gain for Sembcorp Marine to a 41% decline for NIO Inc. This brought the average 2022 to 28 Oct decline in total return for the 28 of the 30 stocks that have been listed for the entire period to a 5% decline (with the median decline at 11%). This compared to 1% total return for the STI and 16% decline for the FTSE Developed Index.
Among these 30 stocks, tabled below, eight stocks outpaced the STI in the 2022 year through to 28 Oct, while in total, 19 stocks performed better than the FTSE Developed Index, with two of the 30 stocks listing within the period.
Like the global stock market, where the technology sector has been the weakest sector in the year thus far, five of the 30 stocks that represent the technology sector in the table below were among the six least performing stocks over the past 43 weeks. Similarly, as energy stocks have led the global stock market this year, the four energy stocks tabled below have averaged 57% total returns over the past 43 weeks (with the median gain at 26%).
| Stock (in order of Non-STI constituents & most traded by turnover in 2022 YTD) | Code | Mkt Cap S$M | Net Insti Flow YTD S$M | YTD Total Return% | MTD Total Return% | 5D Avg Bid/Ask spread (bps) | 180D Hist. Volatility % | Sector |
| Suntec REIT | T82U | 3,739 | -7.5 | -10 | -15 | 73.7 | 18 | REITs |
| YZJ Fin Hldg | YF8 | 1,201 | -224.2 | N/A | -13 | 147.3 | 51 | Financial Services |
| Sembcorp Marine | S51 | 3,955 | 152.7 | 54 | 19 | 82.9 | 49 | Industrials |
| ComfortDelGro | C52 | 2,729 | -76.9 | -6 | -5 | 79.4 | 19 | Industrials |
| Keppel REIT | K71U | 3,433 | -25.4 | -14 | -7 | 55.2 | 22 | REITs |
| AEM SGD | AWX | 960 | -27.7 | -39 | -22 | 33.8 | 32 | Technology (Hardware/ Software) |
| Frasers Cpt Tr | J69U | 3,540 | -31.5 | -8 | -4 | 48.9 | 20 | REITs |
| CapLand Ascott T | HMN | 3,235 | 11.8 | -4 | -4 | 54.8 | 22 | REITs |
| UMS | 558 | 592 | -24.4 | -40 | -30 | 56.4 | 36 | Technology (Hardware/ Software) |
| NetLink NBN Tr | CJLU | 3,332 | -103.8 | -12 | -6 | 60.3 | 15 | Telecommunications |
| Golden Agri-Res | E5H | 3,487 | 12.0 | 16 | 4 | 182.8 | 37 | Consumer Non-Cyclicals |
| Geo Energy Res | RE4 | 555 | -10.5 | 42 | 8 | 128.3 | 54 | Energy/ Oil & Gas |
| Lendlease REIT | JYEU | 1,583 | -4.7 | -15 | -9 | 72.5 | 27 | REITs |
| First Resources | EB5 | 2,323 | 1.6 | 2 | 6 | 68.6 | 41 | Consumer Non-Cyclicals |
| Rex Intl | 5WH | 293 | -14.3 | -25 | 0 | 217.9 | 57 | Energy/ Oil & Gas |
| Golden Energy | AUE | 2,308 | 16.3 | 202 | 10 | 59.8 | 80 | Energy/ Oil & Gas |
| Frencken | E28 | 342 | -56.5 | -58 | -18 | 62.9 | 45 | Technology (Hardware/ Software) |
| NIO Inc. USD OV | NIO | 20,286 | -20.9 | N/A | -41 | 63.3 | 76 | Consumer Cyclicals |
| CapLand China T | AU8U | 1,640 | -71.1 | -13 | -6 | 51.9 | 20 | REITs |
| DigiCore REIT USD | DCRU | 877 | -12.9 | -49 | -23 | 91.8 | 40 | REITs |
| Nanofilm | MZH | 1,151 | -76.1 | -54 | -17 | 67.6 | 38 | Technology (Hardware/ Software) |
| ESR-LOGOS REIT | J91U | 2,244 | -24.3 | -27 | -6 | 150.1 | 27 | REITs |
| Sheng Siong | OV8 | 2,346 | 66.8 | 11 | -1 | 62.3 | 14 | Consumer Non-Cyclicals |
| RH Petrogas | T13 | 150 | -5.3 | 10 | 4 | 56.7 | 84 | Energy/ Oil & Gas |
| CapLand India T | CY6U | 1,322 | -38.9 | -14 | 9 | 90.4 | 26 | REITs |
| IFAST | AIY | 1,178 | -66.8 | -52 | 2 | 41.4 | 39 | Technology (Hardware/ Software) |
| Olam Group | VC2 | 4,992 | -32.8 | -22 | -1 | 85.3 | 28 | Consumer Non-Cyclicals |
| Kep Infra Tr | A7RU | 2,671 | -6.0 | 5 | -1 | 96.0 | 16 | Utilities |
| Riverstone | AP4 | 771 | 31.7 | -10 | -10 | 98.2 | 50 | Healthcare |
| Raffles Medical | BSL | 2,354 | -1.7 | -5 | -5 | 79.8 | 25 | Healthcare |
| Total | 79,591 | -671 | ||||||
| Average | -5 | -6 | 37 |
Source: SGX, Bloomberg, Refinitiv (Data as of 28 Oct 2022)
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Originally Posted October 31, 2022 – Mixed Oct Returns for Singapore’s Most Traded Non-STI stocks
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