Analysing The Net Institutional Outflows from Singapore’s Stock Market in August
The S$506 million net institutional outflow from Singapore stock market last week was driven by Financials and Industrials. The more than 3% decline of the STI was on the back of global cross-asset repositioning that coincided with the Bank of Japan rate hike, in addition to concerns on US growth, and recent rotation from US technology stocks. Singapore’s Utilities Sector recorded S$7.1 million of net institutional inflow for the week.