More stock sells than buys by funds
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GLOBAL mutual funds continued to sell more Singapore stocks than they bought in the three months to Sept 2.
Based on transactions in the top five stocks, there were S$1.05 billion worth of net sells, compared to net buys of S$745.9 million.
This week, we look into the segment of basic material and energy stocks. Based on the top five stocks, this sector saw S$135 million of net sells, compared to net buys of S$30.5 million.
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