Global funds buy more Singapore stocks

GLOBAL mutual funds bought more Singapore stocks than they sold in the three months to May 20. Based on the top five stocks transacted, there were S$2.13 billion of net buys, compared to net sells of S$1.12 billion.

This week we look into the segment of consumer services stocks. Here there were net buys of S$174.9 million, and net sells of S$172.1 million, based on the top five stocks.

The top stock among the buys was Singapore Airlines, with a volume of S$77.8 million. The top stock among the sells was Noble Group with a volume of S$93.1 million.