Funds sell more Singapore stocks than they buy

GLOBAL mutual funds continued to sell more Singapore stocks than they bought in the three months to June 8.

Based on transactions in the top five stocks, there were net sells of S$935.1 million, compared to net buys of S$607.3 million.

This week we look into the segment of stocks with market capitalisation of less than S$1 billion. Here net sells of S$100 million also outstripped net buys of S$75 million based on the top five stocks.