More buys than sells of Singapore stocks
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GLOBAL mutual funds bought more Singapore shares than they sold in the three months to May 6. Based on the top five stocks transacted, net purchases came to US$1.41 billion, compared to net sells of US$1.09 billion.
Overall, SingTel was the top stock among the buys with a volume of US$428 million. The top stock among the sells was Keppel Land with a volume of US$220.7 million.
This week we look at the segment of stocks with market capitalisation of between US$1-2 billion. In this segment, buys of US$79.1 million also outweighed sells of US$67.6 million, based on activity in the top five stocks.
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