The average total return of the 100 most actively traded stocks in Singapore in the first quarter of 2023 was 3%, which is basically the same as the total return of 0.8% in the Straits Times Index (STI), the total return of 0.3% in the FTSE ASEAN All Stock Index, and the total return of 3.8% in 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 inflows to market capitalization at the end of the quarter had an average total return of 19% in that quarter.
The net institutional inflows and outflows of the Haitian Index constituent stocks are also proportional to their respective market capitalizations. Among them, Sembcorp Industries, Genting Singapore, and Keppel Data Center Real Estate Trust had the highest ratio of net institutional inflows to market value in the first quarter of 2023. Keppel Corporation was one of the four strongest performing stocks this quarter. The other three were Sembco Industries, Genting Singapore, and Keppel Data Center Real Estate Trust.
The quarter also experienced the development of five major market drivers, including rising global interest rates, slowing economic growth, continued inflationary pressure, geopolitical tension, 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, Asian emerging market economies may be less affected by the global economic slowdown.
The 100 most actively traded stocks in Singapore in the first quarter of 2023...