More Singapore stock is sold than bought by global funds

GLOBAL mutual funds continued to sell more stocks than they bought in the three months to June 1.

Based on transactions on the top five stocks, there were net sells of S$890.1 million compared to net buys of S$536.6 million.

This week we look at the utilities and transportation sector. Here, there were net sells of S$114.9 million based on the top five stocks, compared to net buys of S$63.3 million.