30 STI stocks attract $550m net institutional inflow

The banks brought in the strongest inflows at ~45%.

The Singapore Exchange (SGX) has reported that net institutional inflows into 30 Straits Times Index (STI) stocks during the first three trading days of the Year of the Tiger (3 to 7 February) amounted to $554b. This brought the 30 stocks' 2022 year-to-date (YTD) combined net institutional inflow to $1.42b.

Banks, which comprise around 45% of the STI weights, have been amongst the strongest sectors worldwide over the past five weeks. DBS, OCBC, and UOB have averaged 15% returns in 2022 YTD. They had a combined $842m of net institutional inflows in January, followed by $343m of net institutional inflow over the first three sessions of February. 

Other than the banks, STI stocks with the highest net institutional inflows proportionate to their market cap in the 2022 YTD included Singapore Telecommunications, CapitaLand Integrated Commercial Trust, Singapore Exchange, Keppel Corporation, Wilmar International, Singapore Airlines, Jardine Matheson Holdings, Genting Singapore, Hongkong Land Holdings, City Developments, UOL Group, and SATS.

Out of the 30 stocks, 21 generated positive returns over the five weeks, with six of the seven REITs declining over the period. Global REITs have declined 8% on the outlook for increased borrowing costs, which on the other hand, have supported global banks which have gained 7%. REITs represent 15% of the STI weights, while Banks represent 45% of the STI.