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Institutional investors avoid macro bets, focus on select stocks

Net inflows were concentrated in financial services and technology.

Institutional investors are demonstrating highly targeted positioning rather than a broad-based, macro-driven risk appetite in the local stock market, according to SGX.

Net inflows on Monday were concentrated in financial services ($26m) and technology ($9m).

Within financial services, net institutional inflows were led by United Overseas Bank ($25.74m), Oversea-Chinese Banking Corporation ($4.68m) and Singapore Exchange ($3.02m).

Technology flows were similarly selective, with institutional demand focused on capital expenditure-linked and semiconductor-facing companies.

Moreover, manufacturing conditions remain firm, with demand for electronics and capex-linked segments, even as input costs and margins come under pressure.

“Singapore’s outlook remains one of moderating but still resilient growth, supported by firm manufacturing activity and capex demand,” the report said. 
 

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