Net sells by global funds pip net buys in 3 months to August

GLOBAL mutual funds sold more Singapore stocks than they bought in the three months to Aug 19. Based on transactions in the top five stocks, there were net sells of S$1.19 billion, compared to net buys of S$883.9 million.

This week, we look into the segment of stocks with market capitalisation of more than S$2 billion. In this segment there were net sells of S$997.4 million based on the top five stocks, compared to net buys of S$748 million.

The top stock among the sells was UOB with a volume of S$210.7 million. The top stock among the buys was DBS Group Holdings with a volume of S$195.5 million.