Sells outstrip buys in Singapore stocks

GLOBAL mutual funds continued to sell far more Singapore stocks than they bought in the three months to Sept 16.

Based on the top five stocks transacted, net sells came to S$1.55 billion overall, compared to net buys of S$879.7 million. This week we look into the segment of real estate investment trusts (Reits). Here, there were also far more sells than buys. Based on the top five Reits transacted, there were net sells of S$535.5 million compared to net buys of S$91.2 million.

The top stock among the sells was Fortune Real Estate Investment Trust which saw net sells of S$206.2 million. The top stock among the buys was Mapletree Greater China Commercial Trust which saw a volume of S$21.7 million.