STI outpaces APAC benchmarks with 9.6% total returns in Q1
Twenty-three of STI’s 30 constituents generated positive returns during the quarter.
The Straits Times Index (STI) was the leading and strongest performing benchmark in the Asia-Pacific region for the first quarter (Q1) of 2022, garnering 9.1% price gains.
Boosted by dividends, STI’s total returns for the quarter was 9.6%, data from the Singapore Exchange showed.
Given its recent gains, STI has outpaced the FTSE APAC Index and FTSE World Index, which both generated declines of 4.9% and 4.3% in their respective total returns.
Out of STI’s 30 constituents, 23 generate positive returns for the quarter, led by Sembcorp Industries and Keppel Corporation, with respective gains of 34% and 25%.
Apart from a positive total return, STI also performed well in net institutional inflows, drawing $1.15b.
From its constituents, Singtel, OCBC, UOB, Wilmar, and CityDev drew the most net inflows, averaging 14% total returns.
On the other hand, Mapletree Comm Trust, Venture, A-REIT, Mapletree Ind Trust, and ComfortDelGro saw the most net institutional outflows in Q1 2022, averaging a 0.1% marginal decline.