SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Equity Bottom-Up

<ul><li>Energy stocks have led the global stock market over the past three weeks, while Telecommunication stocks have led the APAC region.</li><li>In Singapore, the trio of most traded energy stocks Rex Int, Geo Energy Resources and RH Petrogas have generated median gains of 8.2%, with a skew to their average gain given Rex International’s 357% gain from 31 Aug through to 22 Sep.</li><li>These two Sectors have recently been in play, with the past three weeks have seeing energy stocks lead the global stock market, while telecommunication stocks have led the region.</li></ul>

Energy stocks have led the global stock market over the past three weeks, while Telecommunication stocks have led the APAC region.In Singapore, the trio of most traded energy stocks Rex Int, Geo Energy Resources and RH Petrogas have generated median gains of 8.2%, with a skew to their average gain given Rex International’s 357% gain from 31 Aug through to 22 Sep.These two Sectors have recently been in play, with the past three weeks have seeing energy stocks lead the global stock market, while telecommunication stocks have led the region.

Global Energy Stocks on the Move in Sep, while Telcos Lead Region

<ul><li>For the first three weeks of August, the STI declined 6.5% in-line with the FTSE China A50 Index losing 6.6%, before the STI retraced 2.5% of those losses to finish the month down 4.2%.</li><li>Singapore stocks booked net institutional inflows of S$408 million and net retail inflows of S$600 million over the month.</li><li>As tabled above, Singapore Telecommunications (Singtel) booked S$163 million of net retail inflows in August, taking the accumulated net retail inflows for the first eight months of 2023 to S$201 million.</li></ul>

For the first three weeks of August, the STI declined 6.5% in-line with the FTSE China A50 Index losing 6.6%, before the STI retraced 2.5% of those losses to finish the month down 4.2%.Singapore stocks booked net institutional inflows of S$408 million and net retail inflows of S$600 million over the month.As tabled above, Singapore Telecommunications (Singtel) booked S$163 million of net retail inflows in August, taking the accumulated net retail inflows for the first eight months of 2023 to S$201 million.

Institutions & Individual Investors Net Buyers of Singapore Stocks in August 

<ul><li>Share buybacks by primary listed companies 18 - 24 Aug 2023 UOB led the share buyback consideration tally, buying back 360,000 shares at an average price of S$27.93 per share, followed by Sembcorp Industries which bought back 1,095,000 shares at an average price of S$5.35 per share.</li><li>Between Aug 17 and Aug 23, QAF joint group managing director and executive director Lin Kejian acquired 1,586,000 shares at an average price of S$0.80 per share.</li></ul>

Share buybacks by primary listed companies 18 - 24 Aug 2023 UOB led the share buyback consideration tally, buying back 360,000 shares at an average price of S$27.93 per share, followed by Sembcorp Industries which bought back 1,095,000 shares at an average price of S$5.35 per share.Between Aug 17 and Aug 23, QAF joint group managing director and executive director Lin Kejian acquired 1,586,000 shares at an average price of S$0.80 per share.

QAF, JEP and Sinostar PEC directors acquire more stocks over the week

<ul><li>Share buybacks by primary listed companies 11 - 17 Aug 2023 Institutions were net buyers of Singapore stocks over the five trading sessions through to Aug 17, with S$256 million of net institutional inflow, while 21 primary-listed companies conducting buybacks with a total consideration of S$36 million.</li><li>On Aug 15, QAF joint group managing director and executive director Lin Kejian acquired 450,000 shares at an average price of S$0.79 per share.</li></ul>

Share buybacks by primary listed companies 11 - 17 Aug 2023 Institutions were net buyers of Singapore stocks over the five trading sessions through to Aug 17, with S$256 million of net institutional inflow, while 21 primary-listed companies conducting buybacks with a total consideration of S$36 million.On Aug 15, QAF joint group managing director and executive director Lin Kejian acquired 450,000 shares at an average price of S$0.79 per share.

Wilmar’s Kuok Khoon Hong acquires 9 million shares

<ul><li>Share buybacks by primary listed companies 4 - 10 Aug 2023 Institutions were net buyers of Singapore stocks over the four trading sessions through to Aug 10, with S$136 million of net institutional inflow, with eight primary-listed companies conducting buybacks with a total consideration of S$7.7 million.</li><li>The previous mandate saw the company buy back 14,250,100 of its shares which represented 2.12 per cent of its total number of issued shares (excluding treasury shares).</li></ul>

Share buybacks by primary listed companies 4 - 10 Aug 2023 Institutions were net buyers of Singapore stocks over the four trading sessions through to Aug 10, with S$136 million of net institutional inflow, with eight primary-listed companies conducting buybacks with a total consideration of S$7.7 million.The previous mandate saw the company buy back 14,250,100 of its shares which represented 2.12 per cent of its total number of issued shares (excluding treasury shares).

Fortress Minerals’ CEO Ivan Chee raises his stake

Singapore

Singapore Telecommunications Limited wireless telecommunication services. The Company offers diverse range of services including fixed, mobile, data, internet, TV,  and digital solutions. Singapore Telecommunications serves customers worldwide.

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Singtel (ST SP)

Global Energy Stocks on the Move in Sep, while Telcos Lead Region

Energy stocks have led the global stock market over the past three weeks, while Telecommunication stocks have led the APAC region. In Singapore,...

Singapore Exchange Ltd (SGX)

Institutions & Individual Investors Net Buyers of Singapore Stocks in August

For the first three weeks of August, the STI declined 6.5% in-line with the FTSE China A50 Index losing 6.6%, before the STI retraced 2.5% of...

Singapore Exchange Ltd (SGX)

QAF, JEP and Sinostar PEC directors acquire more stocks over the week

Share buybacks by primary listed companies 18 - 24 Aug 2023 UOB led the share buyback consideration tally, buying back 360,000 shares at an...

Singapore Exchange Ltd (SGX)

Wilmar’s Kuok Khoon Hong acquires 9 million shares

Share buybacks by primary listed companies 11 - 17 Aug 2023 Institutions were net buyers of Singapore stocks over the five trading sessions...

Singapore Exchange Ltd (SGX)

Fortress Minerals’ CEO Ivan Chee raises his stake

Share buybacks by primary listed companies 4 - 10 Aug 2023 Institutions were net buyers of Singapore stocks over the four trading sessions through...

Singapore Exchange Ltd (SGX)

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