Funds sell Singapore stocks on thin volume

GLOBAL funds continued to sell more Singapore stocks than they bought in the three months to March 23. Based on the top five transactions, there were net sells of S$1.18 billion, compared to net buys of S$787 million.

This week we look into the segment of industrials stocks excluding transportation. Here, net sells of S$147.4 million far outweighed net buys of a mere S$8.5 million, based on the top five transactions.

The top stock among the sells was Singapore Technologies Engineering with a volume of S$105.1 million. The top stock among the buys was United Engineers Ltd with a volume of S$3.3 million.