Institutions favour industrials, tech and utilities on SGX

SGX flags selective exposure in early April.

Institutional positioning in early April favoured industrials, technology, and utilities on the Singapore Exchange, with buying concentrated in semiconductor manufacturing and test-linked names, according to SGX.

SGX said technology inflows included AEM Holdings, UMS Holdings, and Frencken Group, whilst industrial counters such as ST Engineering, Seatrium, and SATS also attracted net buying.

It added that S-REIT inflows were more selective, whilst financial services and telecommunications saw net outflows.

Among the 30 Singapore stocks with the highest net institutional inflow in the first eight sessions of April, Sembcorp Industries led with a month-to-date net institutional inflow of $60.7m, followed by Seatrium at $33.9m and ST Engineering at $31.8m.

CapLand Ascendas REIT drew $29.9m, whilst AEM and UMS recorded $19.8m and $19.6m respectively.

SGX said the pattern was consistent with selective exposure to areas tied to existing production activity, installed capacity, and infrastructure-linked businesses.

It said multiple iEdge Next 50 counters ranked among the top inflow names, alongside five stocks with market capitalisations of less than $500m.

March PMI data pointed to greater emphasis on margin protection, inventory management, and supply resilience, whilst MAS on 14 April slightly increased the rate of appreciation of the S$NEER policy band.

SGX also highlighted stock-specific moves within the inflow group, noting that Sembcorp was trading close to its consensus target price of $6.92, whilst Oiltek International recorded the strongest share-price gains among the inflow names after rising from $0.73 at the end of February to above $2.00.

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