For 3Q21, the STI has seen its narrowest trading range in 3Q21 since 3Q17, with a 5.6% difference between its quarterly high and low as of 27 Sep. The 3Q21 STI high of 3,207.99 was formed on 10 Aug, which coincided with global bank stocks forming highs not surpassed until this week. From 30 Jun to 10 Aug, the STI generated a total return of 2.7%, and proceeded to make a 2.4% decline from 10 Aug through to 27 Sep. For the 3Q through to 27 Sep, the STI gained 0.2%, while the FTSE Asia Pacific Index declined 1.5% and the FTSE All-World Index gained 2.3%. This coincided with a resurgence in new confirmed cases in3Q21 in Asia, with the 7-day rolling day average of new cases rising from near 140,000 cases at the end of June to near 270,000 cases in mid-August, and back to 170,000 cases on 25 Sep. As noted in the August Semi-Annual Recent Economic Development in Singapore brief, Asian economies are likely to remain at greater risk of pandemic-related economic disruption in the near term, given their slower pace of vaccination with high infection rates even in a few countries leave open the risk of the emergence of new virus variants.
Singapore’s 100 most traded stocks in 2021 that have been listed for the duration of 3Q21 averaged a 4% decline in the 3Q21 to 27 Sep, with a total of S$798 million of net institutional outflow. Over the period, 52 of the 100 stocks saw net institutional outflows, while 48 stocks booked net institutional inflows. For the 3Q21 through to 10 Aug, the 100 stocks averaged a 1% total return with S$896 million of net institutional outflow. Since the STI formed its 3Q21 high on 10 Aug, the 100 stocks have averaged a 5% decline on S$99 million of net institutional inflow. Singapore Telecommunications led the net institutional inflows from 10 August through to 27 Sep, with S$321 million of net buying, and an 8% total return.
Of the 100 most traded stocks, the 10 stocks that generated the strongest total returns in 3Q21 through to 27 Sep are tabled below.
10 Strongest Stocks in the 3Q21 to 27 Sep, within the 100 Most Traded stocks in 2021 |
Code |
Mkt Cap S$M |
Total Return 3Q to 10 Aug |
Net Insti Flow 1 Jul - 10 Aug S$M |
Total Return 10 Aug - 27 Sep |
Net Insti Flow 11 Aug - 27 Sep S$M |
Beta to STI 3Q21 to 27 Sep |
Net Insti Flow 3Q21 to 27 Sep S$M |
Total Return 3Q21 to 27 Sep |
Frencken |
E28 |
1,038 |
17% |
14 |
11% |
2 |
0.8 |
16 |
30% |
IFAST |
AIY |
2,697 |
3% |
-22 |
17% |
39 |
0.6 |
17 |
20% |
Raffles Medical |
BSL |
2,617 |
24% |
34 |
-4% |
13 |
0.8 |
46 |
19% |
Starhill Global REIT |
P40U |
1,425 |
14% |
4 |
4% |
27 |
1.0 |
31 |
18% |
PropNex |
OYY |
640 |
28% |
-2 |
-9% |
-2 |
1.1 |
-3 |
17% |
First Resources |
EB5 |
2,430 |
3% |
4 |
13% |
8 |
0.1 |
12 |
16% |
ESR-REIT |
J91U |
1,883 |
10% |
10 |
6% |
42 |
0.8 |
53 |
16% |
OUE Com REIT |
TS0U |
2,474 |
8% |
8 |
7% |
25 |
0.6 |
33 |
16% |
UMS |
558 |
923 |
15% |
22 |
0% |
-14 |
0.8 |
8 |
15% |
ARA LOGOS Log Tr |
K2LU |
1,370 |
7% |
13 |
7% |
45 |
0.6 |
58 |
14% |
Source: SGX, Refinitiv, Bloomberg (Data as of 27 September 2021)
For the earlier part of 3Q21, through to the STI high on 10 August, five of the above stocks were also among the strongest gainers of the 100 stocks. Together, Frencken Group, Raffles Medical Group, Starhill Global REIT, PropNex and UMS Holdings were among the 10 strongest stocks of the 100 for the six weeks as tabled below.
10 Strongest Stocks in the 3Q21 to 10 Aug, within the 100 Most Traded stocks in 2021 |
Code |
Mkt Cap S$M |
Total Return 3Q to 10 Aug |
Net Insti Flow 1 Jul - 10 Aug S$M |
Total Return 10 Aug - 27 Sep |
Net Insti Flow 11 Aug - 27 Sep S$M |
Beta to STI 3Q21 to 27 Sep |
Net Insti Flow 3Q21 to 27 Sep S$M |
Total Return 3Q21 to 27 Sep |
PropNex |
OYY |
640 |
28% |
-2 |
-9% |
-2 |
1.1 |
-3 |
17% |
Rex Intl |
5WH |
260 |
26% |
10 |
-13% |
-3 |
1.4 |
7 |
10% |
Raffles Medical |
BSL |
2,617 |
24% |
34 |
-4% |
13 |
0.8 |
46 |
19% |
Frencken |
E28 |
1,038 |
17% |
14 |
11% |
2 |
0.8 |
16 |
30% |
UMS |
558 |
923 |
15% |
22 |
0% |
-14 |
0.8 |
8 |
15% |
Starhill Global REIT |
P40U |
1,425 |
14% |
4 |
4% |
27 |
1.0 |
31 |
18% |
ISDN |
I07 |
283 |
14% |
12 |
-21% |
-14 |
2.0 |
-2 |
-11% |
Jiutian Chemical |
C8R |
157 |
13% |
2 |
-17% |
0 |
1.5 |
1 |
-6% |
Nanofilm |
MZH |
2,833 |
11% |
-1 |
-30% |
-61 |
0.9 |
-62 |
-22% |
SPH |
T39 |
3,103 |
11% |
34 |
3% |
45 |
0.1 |
79 |
14% |
Source: SGX, Refinitiv, Bloomberg (Data as of 27 September 2021)
Frencken Group was also among the 10 strongest of the 100 stocks for the latter part of 3Q21, from 10 Aug through to 27 Sep. Of the 10 stocks that generated the strongest total returns in 3Q21 through to 27 Sep, iFAST Corporation, First Resources, OUE Commercial REIT and ARA LOGOS Logistics Trust were also among the most defensive Singapore stocks as the broader market declined from 10 Aug through to 27 Sep.
10 Strongest Stocks from 10 Aug to 27 Sep, within the 100 Most Traded stocks in 2021 |
Code |
Mkt Cap S$M |
Total Return 3Q to 10 Aug |
Net Insti Flow 1 Jul - 10 Aug S$M |
Total Return 10 Aug - 27 Sep |
Net Insti Flow 11 Aug - 27 Sep S$M |
Beta to STI 3Q21 to 27 Sep |
Net Insti Flow 3Q21 to 27 Sep S$M |
Total Return 3Q21 to 27 Sep |
Olam Intl |
O32 |
6,348 |
-12% |
-15 |
25% |
21 |
0.1 |
6 |
10% |
IFAST |
AIY |
2,697 |
3% |
-22 |
17% |
39 |
0.6 |
17 |
20% |
First Resources |
EB5 |
2,430 |
3% |
4 |
13% |
8 |
0.1 |
12 |
16% |
Frencken |
E28 |
1,038 |
17% |
14 |
11% |
2 |
0.8 |
16 |
30% |
HongkongLand USD |
H78 |
15,088 |
-7% |
-34 |
10% |
22 |
0.4 |
-12 |
2% |
Singtel |
Z74 |
41,444 |
3% |
-104 |
8% |
321 |
0.9 |
216 |
11% |
ARA LOGOS Log Tr |
K2LU |
1,370 |
7% |
13 |
7% |
45 |
0.6 |
58 |
14% |
OUE Com REIT |
TS0U |
2,474 |
8% |
8 |
7% |
25 |
0.6 |
33 |
16% |
Cromwell REIT EUR |
CWBU |
2,348 |
1% |
4 |
7% |
26 |
0.4 |
30 |
8% |
Far East H Trust |
Q5T |
1,233 |
3% |
-3 |
7% |
19 |
0.5 |
16 |
10% |
Source: SGX, Refinitiv, Bloomberg (Data as of 27 September 2021)
All of the above 10 stocks were recipient to net institutional inflows from 10 Aug through to 27 Sep.
Frencken Group, iFAST Corporation and First Resource were the strongest gainers of the 100 stocks in 3Q21 to 27 Sep that also booked gains from 10 August through to 27 Sep.
For the 2H21, these companies made the following observations in July/August:
OUE Commercial REIT and Starhill Global REIT were also among the most defensive stocks between 10 Aug and 27 Sep, and among the five largest of the 10 REITs & one Stapled Trust that joined the FTSE EPRA/NAREIT Index Series on the 17 Sep close (click here for more).
The 3Q21 to 27 Sep performances and flows of the 100 most traded stocks in 2021 are tabled below, and sort by the most traded stock. Note the table does not include Jardine Strategic Holdings and CapitaLand which have been delisted, or CapitaLand Investments which debuted on 20 Sep.
Stock |
Code |
Mkt Cap S$M |
Total Return 3Q to 10 Aug |
Net Insti Flow 1 Jul - 10 Aug S$M |
Total Return 10 Aug - 27 Sep |
Net Insti Flow 11 Aug - 27 Sep S$M |
Beta to STI 3Q21 to 27 Sep |
Net Insti Flow 3Q21 to 27 Sep S$M |
Total Return 3Q21 to 27 Sep |
DBS |
D05 |
77,049 |
6% |
-76 |
-4% |
-59 |
1.3 |
-134 |
2% |
Singtel |
Z74 |
41,444 |
3% |
-104 |
8% |
321 |
0.9 |
216 |
11% |
UOB |
U11 |
43,186 |
4% |
-126 |
-2% |
52 |
1.0 |
-74 |
2% |
OCBC Bank |
O39 |
52,296 |
4% |
-115 |
-5% |
-183 |
1.3 |
-298 |
-1% |
YZJ Shipbldg SGD |
BS6 |
5,528 |
7% |
18 |
-7% |
0 |
0.6 |
19 |
-1% |
SIA |
C6L |
15,016 |
6% |
-68 |
-1% |
-34 |
1.3 |
-101 |
4% |
CapLand Int Com T |
C38U |
13,540 |
6% |
1 |
-4% |
21 |
1.0 |
21 |
2% |
Ascendas REIT |
A17U |
12,963 |
7% |
45 |
-2% |
65 |
0.8 |
110 |
5% |
Wilmar Intl |
F34 |
25,925 |
0% |
-94 |
-8% |
-46 |
1.2 |
-140 |
-8% |
SGX |
S68 |
10,816 |
-1% |
-53 |
-9% |
-112 |
0.8 |
-166 |
-10% |
JMH USD |
J36 |
49,519 |
-9% |
-34 |
-11% |
-28 |
0.8 |
-62 |
-20% |
Genting Sing |
G13 |
8,988 |
-4% |
-72 |
-7% |
-40 |
0.6 |
-113 |
-11% |
Mapletree Log Tr |
M44U |
8,937 |
5% |
-4 |
-3% |
17 |
1.2 |
13 |
3% |
Mapletree Ind Tr |
ME8U |
7,633 |
5% |
36 |
-3% |
-13 |
0.7 |
23 |
2% |
Venture |
V03 |
5,288 |
2% |
6 |
-6% |
-14 |
0.8 |
-8 |
-4% |
ThaiBev |
Y92 |
16,453 |
-1% |
-18 |
-2% |
-7 |
0.5 |
-25 |
-3% |
SPH |
T39 |
3,103 |
11% |
34 |
3% |
45 |
0.1 |
79 |
14% |
ComfortDelGro |
C52 |
3,294 |
-1% |
-39 |
-5% |
-31 |
0.6 |
-69 |
-6% |
Keppel Corp |
BN4 |
9,626 |
2% |
-65 |
-3% |
7 |
1.1 |
-58 |
-1% |
Suntec REIT |
T82U |
4,073 |
1% |
5 |
-2% |
-18 |
0.4 |
-12 |
-1% |
CityDev |
C09 |
6,403 |
-8% |
-125 |
6% |
9 |
0.9 |
-116 |
-3% |
Sembcorp Marine |
S51 |
2,543 |
-4% |
5 |
-19% |
9 |
0.1 |
14 |
-22% |
Mapletree Com Tr |
N2IU |
7,108 |
-1% |
-29 |
0% |
33 |
1.1 |
4 |
-1% |
Keppel DC REIT |
AJBU |
4,321 |
6% |
-1 |
-3% |
-7 |
0.7 |
-8 |
4% |
ST Engineering |
S63 |
12,061 |
5% |
6 |
-4% |
-19 |
1.0 |
-13 |
1% |
AEM |
AWX |
1,290 |
8% |
57 |
2% |
33 |
0.4 |
90 |
10% |
HongkongLand USD |
H78 |
15,088 |
-7% |
-34 |
10% |
22 |
0.4 |
-12 |
2% |
Frasers L&C Tr |
BUOU |
5,588 |
6% |
24 |
-1% |
22 |
0.5 |
47 |
6% |
Keppel REIT |
K71U |
3,870 |
-2% |
-15 |
-8% |
-36 |
0.4 |
-52 |
-9% |
IFAST |
AIY |
2,697 |
3% |
-22 |
17% |
39 |
0.6 |
17 |
20% |
UMS |
558 |
923 |
15% |
22 |
0% |
-14 |
0.8 |
8 |
15% |
Jardine C&C |
C07 |
7,557 |
-6% |
-18 |
-4% |
-18 |
0.4 |
-36 |
-9% |
Nanofilm |
MZH |
2,833 |
11% |
-1 |
-30% |
-61 |
0.9 |
-62 |
-22% |
SATS |
S58 |
4,668 |
2% |
-5 |
3% |
21 |
0.8 |
16 |
6% |
Sembcorp Ind |
U96 |
3,380 |
-6% |
-5 |
-5% |
-10 |
0.7 |
-15 |
-11% |
Frasers Cpt Tr |
J69U |
3,891 |
-1% |
-5 |
-5% |
-34 |
0.8 |
-39 |
-6% |
NetLink NBN Tr |
CJLU |
3,819 |
3% |
5 |
1% |
-1 |
0.3 |
4 |
3% |
UOL |
U14 |
5,935 |
1% |
-5 |
-4% |
-9 |
1.0 |
-13 |
-4% |
Jiutian Chemical |
C8R |
157 |
13% |
2 |
-17% |
0 |
1.5 |
1 |
-6% |
Top Glove |
BVA |
6,926 |
-11% |
-2 |
-29% |
-7 |
0.4 |
-10 |
-36% |
Mapletree NAC Tr |
RW0U |
3,402 |
-3% |
-18 |
-3% |
-21 |
0.5 |
-39 |
-6% |
Sheng Siong |
OV8 |
2,225 |
-2% |
-21 |
-3% |
-12 |
-0.1 |
-33 |
-4% |
Medtecs Intl |
546 |
219 |
-2% |
-1 |
-52% |
0 |
2.2 |
-1 |
-53% |
ISDN |
I07 |
283 |
14% |
12 |
-21% |
-14 |
2.0 |
-2 |
-11% |
CapLand China T |
AU8U |
1,944 |
2% |
-14 |
-6% |
-23 |
0.4 |
-37 |
-4% |
Frencken |
E28 |
1,038 |
17% |
14 |
11% |
2 |
0.8 |
16 |
30% |
Oceanus^ |
579 |
826 |
-3% |
1 |
-8% |
-2 |
0.4 |
-1 |
-11% |
Ascott Trust |
HMN |
3,093 |
4% |
-1 |
-7% |
-14 |
0.4 |
-15 |
-3% |
DairyFarm USD |
D01 |
6,308 |
-15% |
-17 |
-3% |
-8 |
0.4 |
-25 |
-18% |
Riverstone |
AP4 |
1,341 |
3% |
-6 |
-26% |
-10 |
0.4 |
-16 |
-24% |
ESR-REIT |
J91U |
1,883 |
10% |
10 |
6% |
42 |
0.8 |
53 |
16% |
Golden Agri-Res |
E5H |
2,919 |
4% |
6 |
-4% |
8 |
1.3 |
14 |
0% |
Olam Intl |
O32 |
6,348 |
-12% |
-15 |
25% |
21 |
0.1 |
6 |
10% |
Rex Intl |
5WH |
260 |
26% |
10 |
-13% |
-3 |
1.4 |
7 |
10% |
Aztech Global |
8AZ |
813 |
-7% |
-11 |
-12% |
-9 |
1.2 |
-20 |
-18% |
Thomson Medical |
A50 |
2,115 |
1% |
1 |
-8% |
-2 |
0.2 |
-1 |
-7% |
ARA LOGOS Log Tr |
K2LU |
1,370 |
7% |
13 |
7% |
45 |
0.6 |
58 |
14% |
Keppel Infra Tr |
A7RU |
2,745 |
1% |
-25 |
2% |
0 |
0.1 |
-25 |
2% |
SingPost |
S08 |
1,440 |
-8% |
-24 |
-2% |
-3 |
0.5 |
-27 |
-10% |
Ascendas-iTrust |
CY6U |
1,649 |
5% |
-1 |
1% |
0 |
0.8 |
-1 |
6% |
Lendlease REIT |
JYEU |
1,033 |
9% |
8 |
0% |
19 |
0.8 |
27 |
10% |
Japfa |
UD2 |
1,402 |
-9% |
-9 |
-9% |
-4 |
0.2 |
-13 |
-17% |
ParkwayLife REIT |
C2PU |
2,856 |
6% |
-1 |
-2% |
-2 |
0.3 |
-3 |
4% |
UG Healthcare |
8K7 |
213 |
2% |
0 |
-41% |
-3 |
1.1 |
-3 |
-40% |
HPH Trust USD |
NS8U |
2,656 |
7% |
-3 |
-3% |
1 |
0.8 |
-2 |
4% |
Yanlord Land |
Z25 |
2,125 |
-8% |
-8 |
-2% |
5 |
0.6 |
-3 |
-10% |
Sunpower |
5GD |
484 |
-14% |
0 |
-7% |
3 |
0.0 |
3 |
-20% |
Q&M Dental |
QC7 |
534 |
8% |
6 |
-20% |
-11 |
0.5 |
-5 |
-14% |
Manulife REIT USD |
BTOU |
1,529 |
0% |
0 |
-7% |
-5 |
0.7 |
-5 |
-7% |
Raffles Medical |
BSL |
2,617 |
24% |
34 |
-4% |
13 |
0.8 |
46 |
19% |
Haw Par |
H02 |
2,623 |
-1% |
0 |
-12% |
-6 |
0.5 |
-6 |
-13% |
The Place Hldg |
E27 |
517 |
-11% |
1 |
-25% |
0 |
0.6 |
1 |
-33% |
StarHub |
CC3 |
2,130 |
4% |
0 |
-1% |
4 |
0.3 |
4 |
3% |
First Resources |
EB5 |
2,430 |
3% |
4 |
13% |
8 |
0.1 |
12 |
16% |
SPHREIT |
SK6U |
2,618 |
3% |
2 |
6% |
23 |
0.4 |
25 |
10% |
AIMS APAC REIT |
O5RU |
1,012 |
7% |
6 |
-8% |
8 |
0.6 |
14 |
-1% |
CDL H Trust |
J85 |
1,339 |
-4% |
-2 |
-7% |
-5 |
0.9 |
-7 |
-10% |
Cromwell REIT EUR |
CWBU |
2,348 |
1% |
4 |
7% |
26 |
0.4 |
30 |
8% |
Starhill Global REIT |
P40U |
1,425 |
14% |
4 |
4% |
27 |
1.0 |
31 |
18% |
KepPacOakREIT USD |
CMOU |
1,104 |
3% |
1 |
3% |
17 |
0.1 |
18 |
6% |
Sarine Tech |
U77 |
239 |
5% |
-1 |
-13% |
4 |
1.1 |
3 |
-9% |
COSCO SHP SG |
F83 |
616 |
-2% |
0 |
-5% |
1 |
1.1 |
1 |
-7% |
Sasseur REIT |
CRPU |
1,057 |
1% |
0 |
-7% |
-4 |
0.2 |
-4 |
-6% |
Tuan Sing |
T24 |
589 |
8% |
5 |
-9% |
2 |
1.5 |
7 |
-2% |
CFM |
5EB |
37 |
-20% |
1 |
-26% |
-2 |
1.7 |
-1 |
-40% |
Prime US REIT USD |
OXMU |
1,375 |
2% |
-4 |
3% |
17 |
0.2 |
13 |
5% |
SIA Engineering |
S59 |
2,369 |
-2% |
-4 |
0% |
1 |
0.6 |
-3 |
-2% |
OUE Com REIT |
TS0U |
2,474 |
8% |
8 |
7% |
25 |
0.6 |
33 |
16% |
GKE |
595 |
99 |
6% |
1 |
-9% |
1 |
0.6 |
2 |
-4% |
Yoma Strategic |
Z59 |
284 |
1% |
2 |
-6% |
3 |
0.6 |
5 |
-5% |
Yinda Infocomm |
42F |
254 |
-22% |
1 |
4% |
0 |
-0.2 |
2 |
-18% |
Avarga |
U09 |
250 |
-2% |
0 |
-7% |
0 |
0.3 |
1 |
-9% |
Leader Env |
LS9 |
118 |
-25% |
3 |
-5% |
0 |
-0.9 |
3 |
-29% |
MM2 Asia |
1B0 |
116 |
-6% |
5 |
-22% |
1 |
0.8 |
6 |
-26% |
Far East H Trust |
Q5T |
1,233 |
3% |
-3 |
7% |
19 |
0.5 |
16 |
10% |
RH Petro Gas |
T13 |
100 |
4% |
0 |
-22% |
0 |
2.3 |
0 |
-18% |
Hong Fok |
H30 |
659 |
-3% |
0 |
-3% |
1 |
0.6 |
1 |
-6% |
PropNex |
OYY |
640 |
28% |
-2 |
-9% |
-2 |
1.1 |
-3 |
17% |
Aspen |
1F3 |
152 |
-9% |
0 |
1% |
0 |
1.1 |
0 |
-8% |
InnoTek |
M14 |
186 |
-2% |
0 |
-13% |
0 |
1.1 |
0 |
-15% |
Total |
603,796 |
-896 |
99 |
-798 |
|||||
Average |
1% |
-5% |
-4% |
||||||
Median |
2% |
-4% |
-3% |
Source: SGX, Refinitiv, Bloomberg (Data as of 27 September 2021) ^Note currently on SGX Watchlist
Created by MQ Trader | Jul 01, 2024
Created by MQ Trader | Jun 18, 2024