Institutions are net buyers of STI stocks

THE five sessions spanning May 12 to May 18 saw the Straits Times Index (STI) trim its 2017 YTD dividend-inclusive return by 1.5 per cent to 13.5 per cent. Global cues were mixed, with the Dow Jones Industrial Average declining 2.6 per cent, while the FTSE China A50 Index firmed 0.1 per cent. Earnings were again a key focus, with one-third of the STI constituents reporting quarterly numbers.

Of the 11 stocks that reported S$13.6 million in share buybacks, five were STI stocks. There were 43 stocks that lodged close to 90 direct interest disclosures, while 26 stocks filed more than 40 changes to substantial shareholdings. The number of share acquisitions via market transactions were almost triple the number of share disposals via market transactions.

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