STI attracts $97m of net institutional flows in the past week

It recorded a 2.7% gain last week.

The Straits Times Index attracted $97m of net institutional inflows in the previous week, posting a 2.7% gain, the Singapore Exchange (SGX) said.

In a statement, the bourse announced the top 20 stocks attracted the most inflows, drawing $156m in value, with remaining Singapore-listed stocks seeing $59m of net outflows.

These stocks are UOB, DBS, Singapore Airlines, CapitaLand Integrated Commercial Trust, Jardine Matheson Holdings, Samudera Shipping, MapleTree Industrial Trust, Ascendas Reit, MapleTree Commercial Trust, Venture, ComfortDelGro, Sembcorp Industries, Lendlease Reit, Singtel, Keppel Corporation, CDL Hospitality Trust, Ascott Trust, City Developments Limited, Sembcorp Marine, and AEM.

READ MORE: SGX net profit to grow by 8.6% YoY

Of the 20 stocks, eight attracted the most net institutional inflows for 2022 year-to-date, which are Singapore Telecommunications, City Developments, Keppel Corporation, Sembcorp Industries, CapitaLand Integrated Commercial Trust, Ascott Residence Trust, Sembcorp Marine, and Singapore Airlines.

READ MORE: SGX, NYSE to collaborate on dual listing of companies

“The three market themes of regional economic re-opening, global sector rotations on growth and inflation outlooks, and corporate transformative efforts to boost shareholder value have been in focus during the first half of the year.  At the same time, Singapore’s economy has continued to report above trend, albeit still uneven growth,” the bourse said.