Funds buy more S'pore stocks overall
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GLOBAL mutual funds bought more Singapore stocks than they sold in the three months to April 22.
Based on transactions in the top five stocks, there were S$1.36 billion worth of net buys, compared to net sells of S$1.09 billion. The most actively traded stock among the buys was SingTel with a volume of S$396.8 million. The most active among the sells was Keppel Land with a volume of S$186.1 million. This week we look into the segment of industrials stocks, excluding transportation. Here, net sells of S$154.6 million outweighed net buys of S$25.2 million, based on the top five stocks transacted.
The top stock among the sells was Singapore Technologies Engineering which saw a volume of S$100.7 million. The top stock among the buys was China Everbright Water, with a volume of S$10 million.
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