Funds bearish on utilities and transport sector

GLOBAL mutual funds were net buyers of Singapore stocks in the three months to Jan 14. Based on the volume in the top five stocks, net buys came to S$954.3 million, compared to net sells of S$640.8 million.

This week we look at the utilities and transportation sector. For the sector, funds were bearish - net sells in the top five stocks came to S$116.2 million, compared to net buys of S$77.9 million. The top stock among the sells was Sembcorp Industries which saw a net sell volume of S$34.9 million. The top stock among the buys was Ezion Holdings, which had a volume of S$44.9 million. For more data, go to http://www.shareinvestor.com/mutualfundspicks.html

The data is provided by ShareInvestor and Ipreo, a leading provider of market intelligence, investor data and workflow solutions. The information is not necessarily the total picture of trading as many alternative investors, institutional money managers and sovereign wealth funds may be trading as well in the period but not disclosing their trades. Mutual fund transactions allow for analysis and clarity on a timely basis that can identify where fund managers are focusing their attention.