SGX reports $2.8b net outflows from institutions in 2025 equity trade

In absolute terms, City Developments recorded the largest net institutional inflow in 2H25, with about $237m purchased.

Net institutional flows into Singapore equities remained negative in the second half of 2025, with institutions pulling out $0.74b, following $2.07b of net outflows in the first half.

However, excluding the three Straits Times Index (STI) banks, institutional flows turned positive in both periods, with $180m of net buying in 2H25 and $580m in 1H25, according to the latest data from SGX Research.

Whilst large-cap stocks continue to dominate rankings by absolute dollar flows, SGX noted that viewing net institutional flows (NIF) as a percentage of market capitalisation offers a clearer picture across the broader market.

Using this metric, Advanced Holdings topped the leaderboard with an estimated $6.6m in net buys, amounting to roughly 54% of its $12m market cap. LHT Holdings followed, with $9.5m of inflows, representing 19% of its $50m cap.

Other names in the top ten by this measure include Clearbridge Health, Envictus, MarcoPolo Marine, iFAST, CSE Global, Chasen, as well as large- and mid-cap counters City Developments and Venture Corporation.

In absolute terms, City Developments recorded the largest net institutional inflow in 2H25, with about $237m purchased.

SGX highlighted several notable catalysts driving institutional interest. For example, Advanced Holdings drew attention after Blair Road Capital’s Asia Agri & Renewables Fund acquired a 16.78% stake in late August.

LHT Holdings saw increased activity after DH Wealth Management’s Cornerstone Fund disclosed an 18.45% deemed interest. Clearbridge Health completed a 990 million-share private placement at $0.002, raising $1.98m, with participation from new institutional investors.

By sector, the top 50 stocks ranked by net institutional flows as a percentage of market cap were dominated by Industrials (15 stocks) and Technology (10 stocks), followed by Materials & Resources (5 stocks).

SGX noted that using this relative approach helps surface activity in smaller and mid-sized names that may be obscured by the scale of institutional flows into the STI banks.

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