Sell-versus-buy gap narrows on fund action

GLOBAL mutual funds continued to sell more Singapore stocks than they bought, but the gap has narrowed in the three months to Dec 2.

This week we focus on all the stocks listed on Singapore Exchange. Based on the top five stocks transacted, net sells came to S$1.19 billion, surpassing net buys of S$1.08 billion.

The top stock among the sells was DBS Group Holdings with a volume of S$378.3 million. The top stock among the buys was Fortune Real Estate Investment Trust with a volume of S$217.9 million.

For more data on the above, go to: www.shareinvestor.com/mutualfundspicks.html

The data is provided by ShareInvestor and Ipreo, a leading provider of market intelligence, investor data and workflow solutions. The information is not necessarily the total picture of trading as many alternative investors, institutional money managers and sovereign wealth funds may be trading as well in the period but are not disclosing their trades. Mutual fund transactions allow for analysis and clarity on a timely basis that can identify where fund managers are focusing their attention.