DBS, UOB, and OCBC lead SG stocks with a $500m net institutional inflow
The trio averaged 15.6% total returns from 1 January to 23 May.
DBS Group Holdings (DBS), United Overseas Bank (UOB) and Oversea-Chinese Banking Corporation (OCBC) remain the most traded stocks in Singapore.
From 1 January to 23 May, the trio booked a combined net institutional inflow (NII) of $500m, averaging 15.6% total returns.
Individually, DBS booked $37.9m, UOB booked $248.1m, and OCBC booked $214.2m.
Other SGX-listed stocks in the financial sector which booked NII from 1 January to 23 May include Yangzijiang Financial, Great Eastern and UOB Kay Hian.
Meanwhile, SGX also reported that the banks maintained a combined market capitalisation of $218b.
In 1Q24, the trio reported a combined net interest income (NII) of $8.3b, marking the sixth quarter that their combined NII surpassed $8b.
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