During the 2H22-to-date, the STI has closed as high as 3,301.96 on 11 Aug, and as low as 2,969.95 on 21 Oct, with a similar 10% variance between the outermost daily closes observed in 1H22. Current global outlooks for growth, trade and inflation, in addition to the Ukraine Crisis remain highly fluid, creating dynamic market conditions which has seen the Singapore stock market on the move for much of 2022.
For the nine trading sessions that followed the 21 Oct close of 2,969.95 through to 4 Nov, the STI gained 5.4% to 3,130.11, with the ~160 point partial rebound representing half of the ~320 point decline from 13 Sep to 21 Oct.
During the five-week decline through to 21 Oct, SATS and six of the seven STI REITs led the STI lower, whilst the last nine sessions have seen more diversified leaderboard in terms of the performances. During the five-week decline through to 21 Oct, the higher for longer rate US rate outlook saw the seven REITs in the STI average 18.7% declines, while the trio of DBS Group Holdings (DBS), Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) were comparatively more defensive with 5.1% declines, as both segments generally moved in-line with global peers. Since 21 Oct, 10-year UST Note yields have not pushed any higher, while locally the spotlight gravitated to earnings and business updates.
The STI’s five strongest stocks over the past two weeks included Wilmar International, Sembcorp Industries, Keppel DC REIT, United Overseas Bank and Keppel Corporation. The STI stocks, sorted by highest gains posted since 21 Oct, are tabled below.
STI Stock |
Code |
13 Sep - 21 Oct, 2022 Price Chg. % |
21 Oct - 4 Nov, 2022 Price Chg. % |
Mkt Cap S$M |
YTD Net Fund Flow S$M |
YTD Total Return % |
Sector |
Wilmar Intl |
F34 |
-13.3 |
12.5 |
24,654 |
73.7 |
-1 |
Consumer Non-Cyclicals |
Sembcorp Ind |
U96 |
-15.7 |
10.0 |
5,485 |
193.1 |
58 |
Utilities |
Keppel DC Reit |
AJBU |
-18.8 |
10.0 |
3,025 |
-139.9 |
-26 |
REITs |
UOB |
U11 |
-5.7 |
9.3 |
47,559 |
-265.8 |
10 |
Financial Services |
Keppel Corp |
BN4 |
-13.0 |
8.7 |
12,456 |
369.6 |
46 |
Industrials |
DFIRG USD* |
D01 |
-17.0 |
8.4 |
4,458 |
-11.5 |
-12 |
Consumer Non-Cyclicals |
CapLand IntCom T |
C38U |
-17.9 |
6.9 |
12,336 |
119.9 |
-6 |
REITs |
CityDev |
C09 |
-14.6 |
6.8 |
7,092 |
303.3 |
21 |
Real Estate (excl. REITs) |
ST Engineering |
S63 |
-16.4 |
6.7 |
10,369 |
-84.4 |
-7 |
Industrials |
DBS |
D05 |
-3.7 |
6.4 |
88,713 |
-13.4 |
9 |
Financial Services |
SIA |
C6L |
-7.0 |
6.0 |
15,863 |
54.4 |
7 |
Industrials |
Singtel |
Z74 |
-12.8 |
5.9 |
41,599 |
817.8 |
11 |
Telecommunications |
UOL |
U14 |
-17.0 |
5.2 |
5,287 |
-3.5 |
-10 |
Real Estate (excl. REITs) |
YZJ Shipbldg SGD |
BS6 |
23.9 |
4.9 |
5,057 |
60.7 |
95 |
Industrials |
OCBC Bank |
O39 |
-6.0 |
4.4 |
54,105 |
509.6 |
11 |
Financial Services |
Mapletree Log Tr |
M44U |
-18.3 |
4.2 |
7,156 |
-60.5 |
-18 |
REITs |
CapLand Ascendas REIT |
A17U |
-14.8 |
3.6 |
10,754 |
-73.1 |
-8 |
REITs |
Genting Sing |
G13 |
-1.3 |
3.2 |
9,718 |
111.9 |
7 |
Consumer Cyclicals |
SGX |
S68 |
-15.7 |
2.9 |
9,026 |
3.4 |
-6 |
Financial Services |
ThaiBev |
Y92 |
-11.7 |
2.7 |
14,570 |
-65.7 |
-9 |
Consumer Non-Cyclicals |
Jardine C&C |
C07 |
-12.4 |
2.6 |
12,371 |
135.7 |
58 |
Consumer Cyclicals |
Venture |
V03 |
-12.0 |
2.5 |
4,696 |
-73.5 |
-8 |
Technology (Hardware/ Software) |
Mapletree Ind Tr |
ME8U |
-18.1 |
1.9 |
5,868 |
-169.4 |
-15 |
REITs |
Frasers L&C Tr |
BUOU |
-23.6 |
1.9 |
4,029 |
-74.1 |
-26 |
REITs |
CapitaLandInvest |
9CI |
-15.7 |
1.6 |
16,416 |
51.3 |
-2 |
Financial Services |
SATS |
S58 |
-35.5 |
1.5 |
3,002 |
-136.7 |
-31 |
Industrials |
Mapletree PanAsia Com Tr |
N2IU |
-19.7 |
0.6 |
8,164 |
-127.1 |
-18 |
REITs |
JMH USD* |
J36 |
-11.3 |
0.0 |
19,711 |
-42.0 |
-5 |
Industrials |
HongkongLand USD* |
H78 |
-13.5 |
-2.0 |
13,702 |
20.1 |
-13 |
Real Estate (excl. REITs) |
Emperador Inc. |
EMI |
-4.9 |
-2.0 |
7,554 |
-2.8 |
N/A |
Consumer Non-Cyclicals |
Source: SGX, Refinitiv, Bloomberg (Data as of 4 Nov 2022). Note Price Returns 13 Sep–21 Oct, 2022 and 21 Oct–4 Nov, 2022 in USD*
On the earnings front of five strongest STI stocks over the past two weeks:
Created by MQ Trader | Jul 22, 2024
Created by MQ Trader | Jul 19, 2024
Created by MQ Trader | Jul 18, 2024
Created by MQ Trader | Jul 16, 2024
Created by MQ Trader | Jul 15, 2024
Created by MQ Trader | Jul 15, 2024
Created by MQ Trader | Jul 09, 2024