SG stock market rebounds with $1.4b net buys from institutional investors in August

The top 10 stocks included the STI banks and Singtel.

Institutional investors net bought $1.4b in Singapore stock in late August, rising from the $1.3b net outflow earlier in the year, according to SGX.

The top 10 stocks for the period included the STI banks and Singtel, averaging 5.2% total returns, whilst the remaining six stocks averaged 14.9% total returns.

Major market expectations for 2024 were met over the past six weeks amidst the policy rate cuts by the Fed and PBOC, more resilient ASEAN GDP, and strong electronics demand tipping Singapore IP into a 1.7% YTD expansion, pushing the STI to a 17-year high.

In addition, Singapore’s Structured Warrants market saw its highest trading turnover since January 2019 on 9 October, driven by significant moves in the Hang Seng Index-tracking markets.

Meanwhile, the 20 most traded Singapore stocks with significant Greater China revenue have averaged 22% total returns since 20 September, paralleling the FTSE China A50 and CSI 300.

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