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.

Asia’s leading multi-asset exchange

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

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Equity Bottom-Up

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While ending the week up 0.2%, mid-week moves saw the STI decline 1.3% on Monday, before gaining 1.3% on Thursday. Within the STI, the biggest gainers for the week were CapitaLand, SGX and YZJ averaging 3.9% gains while CICT, Keppel DC REIT &amp; Thai Bev led the decliners, averaging 1.9% declines.  
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CapitaLand was recipient to S$74 million of net institutional inflow over the four sessions, turning the 2021 YTD net institutional flows for the stock from net outflows of S$21 million to net inflows of S$53 million. CapitaLand also led all Singapore-listed stocks in the net institutional inflows logged for the week.  
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CapitaLand has attributed its 25.0% price gain this year to the significant restructure to sharpen its strategic focus to create CapitaLand Investment (“CLI”) built to be a leading listed global Real Estate Investment Manager, with a strong Asia foothold comprising funds management, lodging management, stakes in listed funds, stakes in unlisted funds and investment properties. 
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	<li>The CapitaLand/CLI EGM and Scheme Meeting is scheduled for 10 Aug, and if approved, the expected date for the delisting of CapitaLand and listing of CLI Shares is on or around 17 Sept 2021 (click <a href="https://links.sgx.com/1.0.0/corporate-announcements/CTY4YULXETR21OII/675564_CapitaLand%20Presentation%20on%20Proposed%20Restructuring%2023%20Jul%202021%20.pdf">here</a> for more).</li>
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While the Straits Times Index (“STI”) was little changed on the week, posting a modest 0.2% gain to 3,157.05, a mid-week readjustment in economic sentiment saw the Singapore benchmark. On Monday the STI declined 1.3%, with Tuesday closed for the Hari Raya Haji holiday, and on Thursday the STI gained 1.3%. While the combined net institutional flow for the 30 STI stocks over the four sessions was S$37 million in outflow, the highly diversified stocks saw flows ranging from S$74.1 million in net institutional inflows for CapitaLand to S$28.3 million in net institutional outflow for United Overseas Bank.
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While ending the week up 0.2%, mid-week moves saw the STI decline 1.3% on Monday, before gaining 1.3% on Thursday. Within the STI, the biggest gainers for the week were CapitaLand, SGX and YZJ averaging 3.9% gains while CICT, Keppel DC REIT &amp; Thai Bev led the decliners, averaging 1.9% declines.   
	 
	
CapitaLand was recipient to S$74 million of net institutional inflow over the four sessions, turning the 2021 YTD net institutional flows for the stock from net outflows of S$21 million to net inflows of S$53 million. CapitaLand also led all Singapore-listed stocks in the net institutional inflows logged for the week.   
	 
	
CapitaLand has attributed its 25.0% price gain this year to the significant restructure to sharpen its strategic focus to create CapitaLand Investment (“CLI”) built to be a leading listed global Real Estate Investment Manager, with a strong Asia foothold comprising funds management, lodging management, stakes in listed funds, stakes in unlisted funds and investment properties.  
	 
	The CapitaLand/CLI EGM and Scheme Meeting is scheduled for 10 Aug, and if approved, the expected date for the delisting of CapitaLand and listing of CLI Shares is on or around 17 Sept 2021 (click here for more).

 
While the Straits Times Index (“STI”) was little changed on the week, posting a modest 0.2% gain to 3,157.05, a mid-week readjustment in economic sentiment saw the Singapore benchmark. On Monday the STI declined 1.3%, with Tuesday closed for the Hari Raya Haji holiday, and on Thursday the STI gained 1.3%. While the combined net institutional flow for the 30 STI stocks over the four sessions was S$37 million in outflow, the highly diversified stocks saw flows ranging from S$74.1 million in net institutional inflows for CapitaLand to S$28.3 million in net institutional outflow for United Overseas Bank.



CapitaLand Led STI Last Week with 5% Gain on S$74M Net Insti Inflow

Capitaland

CapitaLand Led STI Last Week with 5% Gain on S$74M Net Insti Inflow