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>Banks lead Q3 2023 net institutional inflow INSTITUTIONS were again net buyers of Singapore stocks over the five trading sessions through to Oct 5, with S$100 million of net institutional inflow, and 24 primary-listed companies conducting buybacks with a total consideration of S$38.5 million.</li><li>ComfortDelGro saw S$71 million of net institutional fund inflow in Q3 2023, after booking S$44 million of net institutional fund outflow in H1 2023.</li></ul>

Banks lead Q3 2023 net institutional inflow INSTITUTIONS were again net buyers of Singapore stocks over the five trading sessions through to Oct 5, with S$100 million of net institutional inflow, and 24 primary-listed companies conducting buybacks with a total consideration of S$38.5 million.ComfortDelGro saw S$71 million of net institutional fund inflow in Q3 2023, after booking S$44 million of net institutional fund outflow in H1 2023.

Banks lead Q3 2023 net institutional inflow

<ul><li>In 3Q23, the STI generated a total return, marginally outpacing the FTSE ASEAN Extended 60 Index with a 1% total return and FTSE APAC Index with a 1.1% decline in total return.</li><li>Sembcorp and Keppel, which are both pivoting to sustainable solutions, averaged 3.6% declines in total return over the quarter.</li><li>The iEdge SG Adv Manufacturing Index generated a 0.5% decline in total return in 2023, bringing its 9-month decline in total return to 1.8%.</li></ul>

In 3Q23, the STI generated a total return, marginally outpacing the FTSE ASEAN Extended 60 Index with a 1% total return and FTSE APAC Index with a 1.1% decline in total return.Sembcorp and Keppel, which are both pivoting to sustainable solutions, averaged 3.6% declines in total return over the quarter.The iEdge SG Adv Manufacturing Index generated a 0.5% decline in total return in 2023, bringing its 9-month decline in total return to 1.8%.

Oil, Rates & Slower Growth Outlook Steered Markets in 3Q23    

<ul><li>What you need to know about the SG market #whatstrending feat. #whatstrending is a new series addressing some of the most trending questions/topics on the markets for investors.</li><li>Global oil demand growth expected to exceed supply growth in 2023 What are companies that have benefitted from higher oil prices?.</li></ul>

What you need to know about the SG market #whatstrending feat. #whatstrending is a new series addressing some of the most trending questions/topics on the markets for investors.Global oil demand growth expected to exceed supply growth in 2023 What are companies that have benefitted from higher oil prices?.

What's Trending: Oil plays in spotlight as crude prices rise

<ul><li>Wilmar chairman Kuok, QAF MD Lin Kejian continue to build interests OCBC led the share buyback consideration tally, buying back 2 million shares at an average price of S$12.67 per share, followed by Olam Group, which bought back 7 million shares at an average price of S$1.08 per share.</li><li>Between Sep 13 and Sep 15, QAF joint group managing director and executive director Lin Kejian acquired 945,600 shares at an average price of S$0.824 per share.</li></ul>

Wilmar chairman Kuok, QAF MD Lin Kejian continue to build interests OCBC led the share buyback consideration tally, buying back 2 million shares at an average price of S$12.67 per share, followed by Olam Group, which bought back 7 million shares at an average price of S$1.08 per share.Between Sep 13 and Sep 15, QAF joint group managing director and executive director Lin Kejian acquired 945,600 shares at an average price of S$0.824 per share.

Wilmar’s Chairman Kuok & QAF MD Lin Kejian Continue to Build Interests

<ul><li>Singapore stocks have booked net institutional fund inflow for three consecutive weeks ending 25 August.</li><li>With four trading sessions for the month remaining, August is poised to be the first month local stocks have booked net inflows since Nov 2022.</li><li>Back in November 2022, UOB posted a 12.4% return and booked the highest net institutional inflow in the Singapore stock market for that month with S$306 million of net inflow.</li></ul>

Singapore stocks have booked net institutional fund inflow for three consecutive weeks ending 25 August.With four trading sessions for the month remaining, August is poised to be the first month local stocks have booked net inflows since Nov 2022.Back in November 2022, UOB posted a 12.4% return and booked the highest net institutional inflow in the Singapore stock market for that month with S$306 million of net inflow.

Singapore Stocks Poised to Book Net Institutional Inflows in August

Singapore

Seatrium Ltd offers engineering solutions for the offshore, marine, and energy industries. The Company provides rigs and floaters, repairs and upgrades, offshore platforms, and specialized shipbuilding. Seatrium serves customers worldwide.

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Seatrium (STM SP)

Banks lead Q3 2023 net institutional inflow

Banks lead Q3 2023 net institutional inflow INSTITUTIONS were again net buyers of Singapore stocks over the five trading sessions through to Oct...

Singapore Exchange Ltd (SGX)

Oil, Rates & Slower Growth Outlook Steered Markets in 3Q23

In 3Q23, the STI generated a total return, marginally outpacing the FTSE ASEAN Extended 60 Index with a 1% total return and FTSE APAC Index with a...

Singapore Exchange Ltd (SGX)

Wilmar’s Chairman Kuok & QAF MD Lin Kejian Continue to Build Interests

Wilmar chairman Kuok, QAF MD Lin Kejian continue to build interests OCBC led the share buyback consideration tally, buying back 2 million shares...

Singapore Exchange Ltd (SGX)

Singapore Stocks Poised to Book Net Institutional Inflows in August

Singapore stocks have booked net institutional fund inflow for three consecutive weeks ending 25 August. With four trading sessions for the month...

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Banks lead Q3 2023 net institutional inflow

Banks lead Q3 2023 net institutional inflow INSTITUTIONS were again net buyers of Singapore stocks over the five trading sessions through to Oct...

Singapore Exchange Ltd (SGX)

Oil, Rates & Slower Growth Outlook Steered Markets in 3Q23

In 3Q23, the STI generated a total return, marginally outpacing the FTSE ASEAN Extended 60 Index with a 1% total return and FTSE APAC Index with a...

Singapore Exchange Ltd (SGX)

What's Trending: Oil plays in spotlight as crude prices rise

What you need to know about the SG market #whatstrending feat. #whatstrending is a new series addressing some of the most trending...

Singapore Exchange Ltd (SGX)

Wilmar’s Chairman Kuok & QAF MD Lin Kejian Continue to Build Interests

Wilmar chairman Kuok, QAF MD Lin Kejian continue to build interests OCBC led the share buyback consideration tally, buying back 2 million shares...

Singapore Exchange Ltd (SGX)

Singapore Stocks Poised to Book Net Institutional Inflows in August

Singapore stocks have booked net institutional fund inflow for three consecutive weeks ending 25 August. With four trading sessions for the month...

Singapore Exchange Ltd (SGX)