Showing posts with label STI. Show all posts
Showing posts with label STI. Show all posts

Sunday, January 6, 2019

Portfolio as of 31 December 2018

The stocks that I am holding as of 31 December 2018 are shown in the images below.


 
 
All the above counters are on the SGX.
 
 
 
 
All the above counters are on the Bursa Malaysia.
 

A counter that appears both here and in the previous month's portfolio may differ in terms of size of holding. 
 
 
 
 
 
 
 
 
 
 

Monday, January 1, 2018

Portfolio as of 31 December 2017

The stocks that I am holding as of 31 December 2017 are shown in the images below.


 
 
All the above counters are on the SGX.
 
 

 
All the above counters are on the Bursa Malaysia.
 

A counter that appears both here and in the previous month's portfolio may differ in terms of size of holding. 
 
 
 
 
 
 
 
 
 
 

Saturday, July 30, 2016

Will the STI Achieve a Perfect 10/10 Score in August 2016?

The table below shows the performances of the STI for the months of July and August in the last 10 years.
  

JulyAugust
200610.0436.96
2007-0.54-154.75
2008-17.89-189.70
2009326.06-66.30
2010152.19-37.37
201168.82-304.00
2012189.58-10.94
201371.49-192.99
2014118.39-46.97
2015-114.83-281.06
 

It can be seen from the table above that the STI had ended the month of August down from 2007 through 2015.   That was a good 9 years without a break.   In other words, the STI had ended lower in August every year for 9 straight years since 2007.

It had ended down in August irrespective of how it had performed in July.   It might be up a massive 326.06 points, flat with a change of a mere 0.54 point or down by as much as -114.83 points in July, only to invariably end up down at the end of August.

If the STI ended down again this August, it would be down for exactly 10 times in 10 years.   That's a perfect 10/10 score!
 
The last time the STI had ended higher in August was way back in 2006.   At that time, it was on its way of a good run of 8 consecutive months right up to January 2007.   But that is another story for another day.
 
But now, will the STI achieve the unenviable record of ending down 10 times out of 10 this August?
 
Well, let's see at the end of August.
 

Friday, June 10, 2016

The Euro Effects on the STI

The Euro (not the currency but the football competition known as the UEFA European Championship) kicks off today.   It will last a good 1 month till the final on 10 July.  
 
Football fans around the world will be busy following the matches of the tournament and a lot of them will be watching them live.   During this period, there will be people taking leave, turning up with sleepy eyes at the office, taking MC's, etc.   With the frenzy gripping football fans across the world, will the performance of the STI be affected?   How much will the Euro affect the STI, if at all?
 
Let's take a look at the performances of the STI in the past years during the times when the Euro's were held.

 
Scope
 
We shall take a look at whether the Euro had any effect on the STI in terms of 3 factors:
  - the volume of shares transacted,
  - the range of the index and
  - the biggest intraday range of the index
during the whole period when the tournament was in progress.
 
We shall use the data from the years 2000 to 2015.

The Euro is held in even-numbered years in which the number is divisible by 4.   Hence, from 2000 and 2015, the years in which the Euro's were held were 2000, 2004, 2008 and 2012.   Let's call these the Euro years and the others, the non-Euro years.

The non-Euro years shall include all the odd-numbered years from 2000 through 2015.   These include 2001, 2003 ... 2013 and 2015, a total number of 8 years.   (Note: The even-numbered years in which the number is not divisible by 4 are years in which the World Cup were held.   In order to avoid the inclusion of unwanted World Cup influences, if any, on the results, the World Cup years are left out of the non-Euro years.)

The performances of the STI during the Euro years are compared to those during the non-Euro years in terms of the 3 factors as specified above.

  
Methodology
 
The actual dates of the Euro's in 2000, 2004, 2008 and 2012 are shown in the table below:


Start dateEnd date
200010 June 2000 (Saturday)2 July 2000 (Sunday)
200412 June 2004 (Saturday)4 July 2004 (Sunday)
20087 June 2008 (Saturday)29 June 2008 (Sunday)
20128 June 2012 (Friday)1 July 2012 (Sunday)


Each tournament spanned about 3 weeks, starting from around early June and ending at the end of June or early July.   (The current Euro competition lasts about 1 month though.)

Since the opening matches were played during the weekends and the SGX bourse was closed at that time and the final matches played were at a time when the market had not opened yet, the timespan of each Euro was taken as over 15 trading days, or 3 weeks.

The timespan chosen for all non-Euro years is from 11 June to 1 July, inclusive.   The dates are selected based on the average of the start dates and end dates of the Euro's so that they cover about the same interval as the Euro.   The length of this timespan is also 3 weeks.  


Results

The results obtained are shown in the table below.


STI
Total volume
(billions)
Index range
(points)
Biggest intraday range
(points)
Euro years
20000.84116.7374.53
20041.7572.3526.22
20082.98162.8450.01
20123.84137.7043.82
Average2.35122.4148.65
Non-Euro years
20011.7757.0330.01
20033.0280.8834.30
20052.2043.3422.28
20075.11167.0052.36
20095.35185.7650.97
20114.24142.4043.68
20134.64169.6767.23
20153.3893.4444.94
Average3.71117.4443.22
Percentage-36.7%4.2%12.5%


Total volume

The average of the total volume of STI shares transacted during Euro and non-Euro years are 2.35 and 3.71 billions per year respectively.   Hence, on the average, the volume of shares transacted during a Euro year is only about 63.3% of that of a non-Euro year.   In other words, there was a reduction of 36.7%, slightly more than one-third, in the volume of shares transacted when a Euro was in progress compared to when there was not.   This reduction can be considered as substantial.

Index range

The data show that the difference between the highest and lowest points of the STI when a Euro was in progress could be as little as 72.35 points and as much as 162.84 points, with the average range at 122.41 points.   On the other hand, the values were as low as 43.34 points and as high as 185.76 points when there was no Euro, with the average at 117.44 points.   On the average, the range of the STI when there was a Euro was thus 4.2% higher than when there was no Euro.

Biggest intraday range

The biggest intraday ranges of the STI during Euro years spanned from as low as 26.22 points to as high as 74.53 points, with an average of 48.65 points.   For non-Euro years, it ranged from 22.28 points to 67.23 points and averaging at 43.22 points.   The average biggest intraday range for Euro years was 112.5% of that for non-Euro years.   It can be seen from these results that the STI generally changed more intraday during a Euro.

The data on the range of the STI for the period as well as its intraday ranges show that the index fluctuated slightly more during a Euro.


Conclusions

When the Euro's were in progress, the volumes of share transactions for the STI were much reduced and the index was more volatile than when there was no Euro.




 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Friday, March 18, 2016

Performance of the STI and its Constituents

The STI closed positive for the first time this year on 18 March.   It closed at 2906.80, 0.8% above its closing price on 31 December 2015.
 
The corresponding performances of individual STI constituent stocks as well as the STI ETF and Nikko AM STI ETF are shown together with the STI in the table below.
 
Closing price 
on 
31 Dec 2015 ($)
Closing price
on 18 Mar 2016 ($)
Gain / Loss (%)
Ascendas Reit 
2.280 
2.480 
8.8%
Capitaland
3.380 
3.170 
-6.2%
Capitamall Trust
1.930 
2.140 
10.9%
CityDev
7.650 
7.850 
2.6%
ComfortDelGro
3.050 
2.970 
-2.6%
DBS
16.690 
16.020 
-4.0%
Genting Sing
0.770 
0.820 
6.5%
Global Logistic
2.150 
1.895 
-11.9%
Golden Agri-Res
0.340 
0.430 
26.5%
HongkongLand USD
7.000 
6.180 
-11.7%
HPH Trust USD
0.530 
0.520 
-1.9%
Jardine C&C
34.850 
40.400 
15.9%
Keppel Corp
6.510 
6.120 
-6.0%
Noble
0.400 
0.430 
7.5%
OCBC Bank
8.800 
9.270 
5.3%
SATS
3.840 
3.910 
1.8%
Sembcorp Ind
3.050 
3.170 
3.9%
Sembcorp Marine
1.750 
1.745 
-0.3%
SGX
7.700 
7.890 
2.5%
SIA
11.200 
11.510 
2.8%
SIA Engineering
3.700 
3.580 
-3.2%
Singtel
3.670 
3.890 
6.0%
SPH
3.940 
4.030 
2.3%
ST Engineering
3.010 
3.230 
7.3%
StarHub
3.700 
3.340 
-9.7%
ThaiBev
0.690 
0.730 
5.8%
UOB
19.610 
19.290 
-1.6%
UOL
6.240 
6.010 
-3.7%
Wilmar Intl
2.940 
3.310 
12.6%
YZJ ShipBldg SGD
1.100 
1.010 
-8.2%
 
STI
2882.73
2906.80
0.8%
STI ETF
2.950 
2.910 
-1.4%
Nikko AM STI ETF
3.000 
2.960 
-1.3%


From the table above, it can be seen a number of STI constituent stocks are also already positive this year.   The number of STI constituent stocks that are positive currently is 17, whereas the other 13 have yet to turn positive.   The two ETFs are still in negative territory.

Golden Agri-Res has the best performance with a 26.5% gain, followed by Jardine C&C, Wilmar Intl and Capitamall Trust.
 
On the other hand, Global Logistic is the most lagging with a -11.9% loss, followed by HongkongLand USD, Starhub and YZJ ShipBldg SGD.

The graph below shows the daily chart of the STI for this year.


 
 
It can be seen from the graph that the STI reached the bottom on 21 January and started to retrace after 12 February.   It took 14 trading days to reach the bottom and 25 trading days to make a 100% recovery.   The number of days required for the recovery is 11 more than that for the decline.