Singapore Exchange Limited (SGX: S68) publishes a market summary on a monthly basis highlighting some key activities that took place in the Singapore stock market during the period.
Though these events might not point towards any actionable investment ideas, it might be useful that investors have a quick overview of the current state of the overall market.
In this article, I will highlight a few points that investors should note from the summary.
In the month of June, the market capitalisation weighted average total returns for the overall Singapore stock market was at -2.9%. Comparatively, the change for Straits Times Index (SGX: STI) was at -4.7%.
By sector, the market was led by Healthcare (+2.9%), Utilities (+0.4%) and Materials (+0.2%). The healthcare sector saw positive returns for nine consecutive months.
Institutional investors net buy/sell
Institutional investors net sold S$257.2 million worth of shares in June versus a net sell of S$1.1 billion in May. Consumer Discretionary (+S$37.5 million), Consumer Staples (+S$11.0 million) and Materials (+S$8.4 million) were the top net buy sectors. The top net sell sectors were Telecommunication Services (-S$212.8 million), IT (-S$38.6 million) and Industrials (-S$22.2 million).
In other words, institutional investors have been the net sellers of stocks in the last two months.
Three most bought stocks by institutions
For the month of June, institutional investors bought local banks, DBS Group Holdings Ltd (SGX: D05) and United Overseas Bank Ltd (SGX: U11). The other company that had seen high interest from institutional investors was ComfortDelgro Corporation Limited (SGX: C52), a transport company with operations mainly in Singapore, Australia, the United Kingdom, and China.
Three most sold stocks by institutions
As for the most sold stocks by institutional investors in June, telco firms took two of the top three spots. Here, Singapore Telecommunications Limited (SGX: Z74) and StarHub Ltd (SGX: CC3) were sold down significantly by the institutions. Oversea-Chinese Banking Corp Limited (SGX: O39) was the second most sold stock in June by institutions.
Two REITs saw significant net purchase by institution
CapitaLand Mall Trust (SGX: C38U) and Ascendas Real Estate Investment Trust (SGX: A17U) were among the top net buy stocks. The two REITs had flat returns in the month as compared to the SGX S-REIT Index’s -1.9%. The former is a retail based REIT while the latter focuses on industrial properties.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Lawrence Nga doesn't own shares in any companies mentioned. Motley Fool has recommendations for DBS Group Holdings Ltd, United Overseas Bank Ltd, CapitaLand Mall Trust and Singapore Exchange Limited.