The average total return of the 100 most actively traded stocks in Singapore in the first quarter of 2023 was 3%, which is basically consistent with the total return of the Straits Times Index (STI, HI) of 0.8%, the FTSE ASEAN Whole-Stock Index, and the total return of 3.8% of the FTSE Asia Pacific Index. Among the 100 most actively traded stocks in the first quarter of 2023, the 10 stocks with the highest ratio of net institutional inflow to market value at the end of the quarter reached an average total return of 19% for that quarter.
The net inflows and outflows of the constituent stocks of the HAI Index are also proportional to their respective market capitalization. Among them, Semco Industries, Genting Singapore, and Keppel Data Center Real Estate Trust had the highest ratio of net institutional inflows to market capitalization in the first quarter of 2023. Keppel Corporation was one of the four strongest performing stocks this quarter. The other three were Semco Industries, Genting Singapore, and Keppel Data Center Real Estate Trust.
The quarter also experienced developments in five major market drivers, including rising global interest rates, slowing economic growth, continued inflationary pressure, tense geopolitical situations, and slight fluctuations in global financial stability in March. Although these drivers dominated at the beginning of the year, their impact on the sector and stocks was slowly fading during the quarter. The Organization for Economic Cooperation and Development recently pointed out that thanks to China's recovery and more moderate inflationary pressure, Asia's emerging market economies are likely to be less affected by the global economic slowdown.
The 100 most actively traded stocks in Singapore in the first quarter of 2023...