Singapore stock market kicks off H2 with $400m in net institutional inflows 

DBS led the inflows among the STI constituents.

Singapore’s stock market has kicked off the second half of 2024 strong, booking $400m in net institutional inflows during the 1-15 July period, according to the Singapore Exchange.

The latest SGX data showed that the wave of net inflows reversed more than a third of all the net institutional outflows recorded in the first half of the year. 

This also contributed to the 5% rally in STI during the same period, surpassing both the FTSE ASEAN Index and FTSE APAC Index whose returns only stood at 3.5% and 3.1%, respectively.

DBS recorded the largest net institutional inflows among the STI constituents at $28m, while ARA US Hospitality Trust led the inflows for non-STI stocks at $46.1m.

The SGX said the brighter outlook on the US’s economic recovery played a vital role in fueling that investment rush.