STI gains 9.8% in 2022 YTD

The index is also recognised as the strongest APAC benchmark in the 2022 YTD.

The Straits Time Index (STI) reported a 9.8% gain in the 2022 year to date (YTD) as the Index continued to position itself as the most defensive index across the Asia Pacific (APAC). 

The Singapore Exchange attributed this performance to sector composition, with banks making up 45% of the stocks. DBS, OCBC, and UOB have averaged 16% gains in the 2022 YTD.

Meanwhile, the FTSE APAC Index declined 2% in terms of Singapore dollars, with the two indexes reporting a daily turnover of $7.3m. The turnover also represents a seven month high from July 2021, in which $7.7m per day was traded. 

At the lead of STI-listed stocks is Sembcorp Industries, which makes up over 27% of the 2022 YTD. The group’s current focus on green energy and goals of sustainable solutions make up 70% of its net profit in 2025, up from 40% in 2020.

Overall, Singapore stocks have drawn in $1.9b in net institutional inflow.