Global funds continue to be net sellers of stocks

GLOBAL mutual funds continued to sell more Singapore stocks than they bought in the three months to Oct 14. Based on transactions on the top five stocks, net sells came to S$1.01 billion compared to net buys of S$493 million.

This week we look into the segment of finance stocks excluding real estate investment trusts. Here also sells outpaced buys. Based on the top five stocks, net sells came to S$413.7 million compared to net purchases of S$151.7 million.

The top stock among the sells was UOB with a volume of S$233.1 million. The top stock among the buys was DBS Group Holdings with a volume of S$103.9 million.