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Which 20 Singapore stocks booked the most net retail inflow in 1H23?

Net retail inflow booked by SG stocks in 1H23 hit $1.49b.

DBS and UOB led the list of the top 20 Singapore stocks which booked the most net retail inflow in 1H23, data from SGX showed.

The two banks also had the most net retail inflow in 1H22.

Led by DBS and UOB, the financial services sector booked a net retail inflow of $1.343b in 1H23, slightly lower than the $1.391 record in 1H22. 

Apart from the financial services sector, REITs also booked less net retail inflow in 1H23 at $389m, a drop from the $443m record in 1H22. 

Amongst REITs which were part of the top 20 list was Suntec REIT (4th), Lendlease REIT (10th), Keppel REIT (11th), CapitaLand Integrated Commercial Trust (13th), Prime US REIT USD (15th), Mapletree Industrial Trust (16th), Mapletree PanAsia Com Trust (17th), and Manulife REIT UST (20th).

“Retail investors generally associate high yield with both the Banks and REITs,” SGX commented.

Other stocks which made the top 20 were City Developments Limited (3rd), Keppel Corporation (5th), Singapore Telecommunications Limited (6th), STAS (7th), Venture Corporation (8th), ThaiBev (9th), ComfortDelGro (12th), Keppel Infrastructure Trust (14th), HongkongLand USD (18th), and Haw Par Corporation Limited (19th).

Overall, Singapore stocks booked  $1.492b of net retail inflow in 1H23. The total net retail inflow was the result of 307 stocks booking net retail inflow totalling $3.106b and 272 stocks booking a total of $1.613b net retail outflow. 

The company which saw the most selling by retail investors in 1H23 was Sembcorp Industries, with a $214m net retail outflow while generating a 73.3% total return.

In 1H22, Singapore Telecommunications saw the most selling by retail investors with S$435 million of net retail outflow while generating a 9.1% total return.

SGX said the biggest driver of the higher net retail inflow in 1H23 was "less market conviction." 
 

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