Mutual funds buy more S'pore stocks

GLOBAL mutual funds bought more Singapore stocks than they sold in the three months to April 15. Based on transactions in the top five stocks, there were net buys of S$918.1 million and net sells of S$738 million.

This week we look into the segment of stocks with less than S$1 billion in market capitalisation. Here, buys also outpaced sells; there were net buys of S$53.1 million and net sells of S$46.7 million. The tops stock among the buys was Rex International Holding with a volume of S$8.9 million. The top stock among the sells was Parkson Retail Asia with a volume of S$6.9 million.

For more data, please go to www.shareinvestor.com/mutualfundspicks.html