Funds sell more Singapore shares than they buy

GLOBAL mutual funds sold more stocks than they bought in the three months to July 29. Based on the top five stocks, there were net sells of S$1.18 billion compared to net buys of S$965.4 million.

This week we look at the segment of stocks with market capitalisation of between S$1 billion to S$2 billion. Here net sells of S$203 million far outweighed net buys of S$38.9 million, based on the top five stocks.The top stock among the buys was ARA Asset Management with a volume of S$11.6 million. The top stock among the sells was Citic Envirotech with a volume of S$40.2 million.

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