Since the end of 2024, retail investors have net bought S$487 million in Singapore shares, primarily in the Financial Services, REITs, and Technology sectors. This follows S$192 million in net retail buying in 2024, which was mainly directed towards the Real Estate and Consumer sectors.
Over the past 5 weeks, the 50 SGX-listed stocks with the most net retail buying averaged a 2.7% decline, while the 50 with the most net retail selling averaged a 3.7% gain. Over the past 5 years, revealed preferences show that retail investors broadly tend to net sell during strong performances and net buy during weaker performances.
During the period, the non-STI stocks with the highest net retail buying included Keppel REIT, AEM Holdings, CapitaLand India Trust, CapitaLand Ascott Trust, and iFAST Corporation. Conversely, the non-STI stocks with the most net retail selling were Suntec REIT, Rex International, Japfa, ParkwayLife REIT, and CSE Global.
Since the end of 2024, retail investors have net bought S$487 million in Singapore shares (see chart). This follows the S$192 million in net retail buying in 2024, and accumulated net retail buying of more than S$14 billion since the end of 2019. The past five weeks have seen net retail buying primarily directed towards the Financial Services, REITs, and Technology sectors, compared to the broader Real Estate and Consumer sectors in 2024 (see chart).
SGX-listed REIT ETFs have continued to attract net inflows, with S$38 million in net inflows in 2025 to February 3, following S$183 million in inflows in 2024. This has increased the combined assets under management (AUM) of the 5 REIT-tracking ETFs to over S$1 billion.
Over the past five weeks, the 50 SGX-listed stocks with the highest net retail buying experienced an average decline of 2.7%, while the 50 stocks with the most net retail selling saw an average gain of 3.7%. This trend suggests that broadly, retail investors tend to buy stocks during weaker performances and sell during stronger performances. Over the past five years, this behavior has been fairly consistent, with retail investors generally net buying more during weaker periods and net buying less during comparatively stronger periods.
Note that the aggregated net retail flow data is based on historical transactions and reflects past investor behavior rather than predicting future trends. It provides insights into how retail investors have reacted to market conditions, but it doesn't indicate how they will act in the future. There can also be exceptions to the broad observations. For example, OCBC and Centurion outperformed the Straits Times Index (STI) with gains of 3.4% and 3.1%, respectively, since the end of 2024, while booking the 11th and 22nd highest net retail inflow.
SGX Listed Stocks with Most Net Retail Buying in 2025 year-to-date
The 50 SGX-listed stocks with the highest net retail buying in the 2025 year to Feb 3 are tabled below. Click on the column header to sort data accordingly.
| SGX Listed Stocks with Most Net Retail Buying in 2025 YTD | SGX Code | 2025 YTD Averaged Daily Turnover S$m |
2025 YTD Net Retail Inflow S$m |
2025 YTD Price Change % |
2025 YTD Total Return % |
6-month Total Return % |
Last Close Price | Currency | Sector |
|---|---|---|---|---|---|---|---|---|---|
| DBS | D05 | 188.10 | 229.70 | 1.3 | 1.3 | 29.0 | 44.31 | S$ | Financial Services |
| CapitaLand Investment | 9CI | 26.78 | 95.29 | -7.6 | -7.6 | -10.0 | 2.42 | S$ | Financial Services |
| Mapletree Industrial Trust | ME8U | 15.48 | 54.69 | -5.0 | -3.4 | -5.1 | 2.10 | S$ | REITs |
| SATS | S58 | 12.29 | 41.80 | -8.0 | -8.0 | 3.8 | 3.35 | S$ | Industrials |
| Mapletree Logistics Trust | M44U | 24.09 | 32.24 | -4.7 | -3.6 | -6.2 | 1.21 | S$ | REITs |
| SGX | S68 | 26.83 | 28.48 | -2.8 | -2.8 | 28.7 | 12.38 | S$ | Financial Services |
| Venture Corp | V03 | 8.07 | 24.45 | -3.3 | -3.3 | -13.9 | 12.71 | S$ | Technology |
| CapitaLand Integrated Commercial Trust | C38U | 40.91 | 23.04 | 0.0 | 0.0 | -5.9 | 1.93 | S$ | REITs |
| Genting Singapore | G13 | 17.82 | 21.30 | -2.0 | -2.0 | -8.5 | 0.75 | S$ | Consumer Cyclicals |
| Mapletree Pan Asia Commercial Trust | N2IU | 14.34 | 20.04 | -2.5 | -0.8 | -4.7 | 1.18 | S$ | REITs |
| OCBC | O39 | 78.01 | 19.38 | 3.4 | 3.4 | 20.3 | 17.26 | S$ | Financial Services |
| City Developments | C09 | 4.99 | 13.58 | -1.4 | -1.4 | -4.2 | 5.04 | S$ | Real Estate (excl. REITs) |
| UOL Group | U14 | 4.65 | 13.51 | -2.3 | -2.3 | -6.0 | 5.04 | S$ | Real Estate (excl. REITs) |
| Keppel REIT | K71U | 7.72 | 13.30 | -1.1 | -1.1 | 1.0 | 0.86 | S$ | REITs |
| SIA | C6L | 20.44 | 12.77 | -0.3 | -0.3 | 6.8 | 6.42 | S$ | Industrials |
| AEM | AWX | 7.20 | 12.36 | 0.0 | 0.0 | -7.1 | 1.44 | S$ | Technology |
| CapitaLand Ascendas REIT | A17U | 27.26 | 12.27 | 0.0 | 0.0 | -4.9 | 2.57 | S$ | REITs |
| Thai Beverage | Y92 | 9.54 | 12.19 | -0.9 | -0.9 | 8.0 | 0.54 | S$ | Consumer Non-Cyclicals |
| CapitaLand India Trust | CY6U | 2.34 | 10.39 | -3.7 | -3.7 | -3.2 | 1.03 | S$ | REITs |
| CapitaLand Ascott Trust | HMN | 5.00 | 9.68 | 2.9 | 2.9 | 0.6 | 0.90 | S$ | REITs |
| iFAST | AIY | 2.94 | 9.49 | 0.0 | 0.0 | 2.6 | 7.41 | S$ | Technology |
| Centurion | OU8 | 1.51 | 8.36 | 3.1 | 3.1 | 58.0 | 0.99 | S$ | Real Estate (excl. REITs) |
| Yanlord | Z25 | 2.75 | 7.24 | -15.2 | -15.2 | 28.7 | 0.56 | S$ | Real Estate (excl. REITs) |
| ComfortDelGro | C52 | 6.30 | 6.91 | -5.4 | -5.4 | 1.8 | 1.40 | S$ | Industrials |
| Jardine Cycle & Carriage | C07 | 5.27 | 6.75 | -2.3 | -2.3 | 9.4 | 27.68 | S$ | Consumer Cyclicals |
| Frasers Centrepoint Trust | J69U | 6.29 | 6.41 | 0.9 | 0.9 | -2.3 | 2.13 | S$ | REITs |
| Golden Agri-Resources | E5H | 2.31 | 6.39 | -7.5 | -7.5 | -7.5 | 0.25 | S$ | Consumer Non-Cyclicals |
| Frasers Logistics & Commercial Trust | BUOU | 8.61 | 5.58 | 0.0 | 0.0 | -11.6 | 0.88 | S$ | REITs |
| Frasers Hospitality Trust | ACV | 1.97 | 4.40 | -2.6 | -2.6 | 39.4 | 0.57 | S$ | REITs |
| Jardine Matheson | J36 | 7.34 | 4.10 | -3.5 | -3.5 | 16.6 | 39.52 | US$ | Industrials |
| NetLink Trust | CJLU | 3.10 | 3.89 | -1.1 | -1.1 | 4.3 | 0.86 | S$ | Telecommunications |
| NIO | NIO | 1.32 | 3.67 | -5.5 | -5.5 | 3.6 | 4.26 | US$ | Consumer Cyclicals |
| Sheng Siong | OV8 | 1.85 | 3.63 | 0.0 | 0.0 | 9.4 | 1.64 | S$ | Consumer Non-Cyclicals |
| Olam | VC2 | 2.04 | 3.55 | -5.7 | -5.7 | 1.8 | 1.15 | S$ | Consumer Non-Cyclicals |
| Far East Hospitality Trust | Q5T | 0.62 | 3.45 | -0.8 | -0.8 | -0.8 | 0.61 | S$ | REITs |
| Keppel DC REIT | AJBU | 19.79 | 3.09 | 0.0 | 0.0 | 9.4 | 2.18 | S$ | REITs |
| Frencken | E28 | 2.33 | 3.05 | -2.7 | -2.7 | -12.0 | 1.10 | S$ | Technology |
| Keppel Infra Trust | A7RU | 2.20 | 2.97 | 1.1 | 1.1 | 0.4 | 0.46 | S$ | Materials & Resources |
| NanoFilm Technologies | MZH | 1.10 | 2.83 | -7.9 | -7.9 | -11.1 | 0.70 | S$ | Technology |
| Digital Core REIT | DCRU | 2.24 | 2.63 | -6.9 | -6.9 | -6.9 | 0.54 | US$ | REITs |
| Top Glove | BVA | 2.12 | 2.63 | -9.6 | -9.6 | 29.3 | 0.38 | S$ | Healthcare |
| Riverstone | AP4 | 1.05 | 2.57 | -7.3 | -7.3 | 13.8 | 1.01 | S$ | Healthcare |
| First Resources | EB5 | 1.63 | 2.47 | -3.4 | -3.4 | 1.0 | 1.44 | S$ | Consumer Non-Cyclicals |
| CDL Hospitality Trusts | J85 | 0.97 | 2.27 | -0.6 | -0.6 | -6.4 | 0.86 | S$ | REITs |
| Delfi | P34 | 0.18 | 2.04 | -6.4 | -6.4 | -11.7 | 0.73 | S$ | Consumer Non-Cyclicals |
| Food Empire | F03 | 0.32 | 1.98 | -1.5 | -1.5 | -2.0 | 0.98 | S$ | Consumer Non-Cyclicals |
| AIMS APAC REIT | O5RU | 0.73 | 1.91 | 1.6 | 1.6 | 1.4 | 1.27 | S$ | REITs |
| Lendlease REIT | JYEU | 1.36 | 1.91 | -0.9 | -0.9 | -6.2 | 0.55 | S$ | REITs |
| Bumitama Agri | P8Z | 0.25 | 1.56 | -8.0 | -8.0 | 15.3 | 0.81 | S$ | Consumer Non-Cyclicals |
| Envictus International | BQD | 0.08 | 1.51 | -3.0 | -3.0 | 16.4 | 0.32 | S$ | Consumer Cyclicals |
Source: SGX, Refinitiv & Bloomberg. All Data as of 3 Feb 2025.
Share prices are rounded to the nearest 1 cent.
SGX Listed Stocks with Most Net Retail Selling in 2025 year-to-date
The 50 SGX-listed stocks with the highest net retail selling in the 2025 year to Feb 3 are tabled below. Click on the column header to sort data accordingly.
| SGX Listed Stocks with Most Net Retail Selling in 2025 YTD | SGX Code | 2025 YTD Averaged Daily Turnover S$m |
2025 YTD Net Retail Inflow S$m |
2025 YTD Price Change % |
2025 YTD Total Return % |
6-month Total Return % |
Last Close Price | Currency | Sector |
|---|---|---|---|---|---|---|---|---|---|
| SingTel | Z74 | 61.54 | -108.11 | 4.5 | 4.5 | 12.3 | 3.22 | S$ | Telecommunications |
| UOB | U11 | 77.45 | -89.91 | 2.7 | 2.7 | 20.8 | 37.32 | S$ | Financial Services |
| ST Engineering | S63 | 15.41 | -35.41 | 4.3 | 4.3 | 12.4 | 4.86 | S$ | Industrials |
| Suntec REIT | T82U | 10.20 | -34.02 | 0.9 | 2.2 | 0.2 | 1.18 | S$ | REITs |
| Seatrium | 5E2 | 48.64 | -27.29 | 4.3 | 4.3 | 45.0 | 2.16 | S$ | Industrials |
| Rex International | 5WH | 1.99 | -7.80 | 15.7 | 15.7 | 42.9 | 0.14 | S$ | Energy/ Oil & Gas |
| Sembcorp | U96 | 14.77 | -7.46 | -0.4 | -0.4 | 20.6 | 5.50 | S$ | Utilities |
| Japfa | UD2 | 1.20 | -6.97 | 30.9 | 30.9 | 97.1 | 0.62 | S$ | Consumer Non-Cyclicals |
| Wilmar | F34 | 10.49 | -5.35 | 1.9 | 1.9 | 1.0 | 3.16 | S$ | Consumer Non-Cyclicals |
| Parkway Life REIT | C2PU | 2.83 | -4.95 | 3.2 | 3.2 | 8.6 | 3.87 | S$ | REITs |
| CSE Global | 544 | 1.19 | -4.00 | 6.0 | 6.0 | -2.9 | 0.44 | S$ | Technology |
| UMS | 558 | 1.66 | -3.30 | 1.0 | 1.0 | -0.9 | 1.04 | S$ | Technology |
| Hong Leong Asia | H22 | 0.53 | -3.04 | 7.1 | 7.1 | 43.1 | 0.98 | S$ | Consumer Cyclicals |
| Wee Hur | E3B | 3.58 | -2.50 | 15.5 | 15.5 | 122.4 | 0.49 | S$ | Industrials |
| Yangzijiang | BS6 | 63.03 | -2.49 | 1.3 | 1.3 | 21.2 | 3.03 | S$ | Industrials |
| LHN | 41O | 0.86 | -2.14 | 2.9 | 2.9 | 61.5 | 0.53 | S$ | Real Estate (excl. REITs) |
| PropNex | OYY | 0.71 | -1.56 | 13.2 | 13.2 | 36.8 | 1.07 | S$ | Real Estate (excl. REITs) |
| Keppel | BN4 | 17.62 | -1.26 | -1.5 | -1.5 | 11.2 | 6.74 | S$ | Industrials |
| Manulife US REIT | BTOU | 0.56 | -1.19 | 5.6 | 5.6 | 20.5 | 0.09 | US$ | REITs |
| Tuan Sing | T24 | 0.19 | -1.16 | 1.9 | 1.9 | 25.0 | 0.28 | S$ | Real Estate (excl. REITs) |
| Yangzijiang Financial | YF8 | 4.47 | -1.13 | 13.3 | 13.3 | 38.2 | 0.47 | S$ | Financial Services |
| United Hampshire US REIT | ODBU | 0.21 | -1.10 | 0.0 | 0.0 | 10.5 | 0.48 | US$ | REITs |
| Oiltek | HQU | 0.24 | -0.81 | 10.6 | 10.6 | 157.8 | 1.15 | S$ | Consumer Non-Cyclicals |
| IHH Healthcare | Q0F | 0.04 | -0.60 | 0.0 | 0.0 | 19.1 | 2.19 | S$ | Healthcare |
| KSH Holdings | ER0 | 0.11 | -0.54 | 7.0 | 7.0 | 17.9 | 0.23 | S$ | Industrials |
| Samudera Shipping | S56 | 0.36 | -0.54 | 2.5 | 2.5 | 3.7 | 0.83 | S$ | Industrials |
| Hutchison Port Holdings Trust | NS8U | 0.84 | -0.45 | -2.4 | -2.4 | 31.1 | 0.16 | US$ | Industrials |
| SIA Engineering | S59 | 0.29 | -0.42 | -0.4 | -0.4 | 5.8 | 2.36 | S$ | Industrials |
| Pan United | P52 | 0.10 | -0.38 | 12.6 | 12.6 | 20.7 | 0.63 | S$ | Materials & Resources |
| The Hour Glass | AGS | 0.15 | -0.36 | 1.3 | 1.3 | 3.3 | 1.56 | S$ | Consumer Cyclicals |
| Hotel Properties Limited | H15 | 0.05 | -0.35 | 1.1 | 1.1 | 1.7 | 3.61 | S$ | Consumer Cyclicals |
| Ever Glory United | ZKX | 0.03 | -0.32 | -1.3 | -1.3 | -7.2 | 0.39 | S$ | Industrials |
| StarHub | CC3 | 0.53 | -0.32 | 1.7 | 1.7 | -0.8 | 1.23 | S$ | Telecommunications |
| Singapore Land | U06 | 0.15 | -0.31 | 6.3 | 6.2 | 6.9 | 1.87 | S$ | Real Estate (excl. REITs) |
| GuocoLand | F17 | 0.05 | -0.25 | -1.4 | -1.4 | 1.9 | 1.44 | S$ | Real Estate (excl. REITs) |
| OKH Global | S3N | 0.24 | -0.24 | 0.0 | 0.0 | 107.7 | 0.03 | S$ | Industrials |
| Sinarmas Land | A26 | 0.09 | -0.23 | -6.5 | -6.5 | 78.5 | 0.29 | S$ | Industrials |
| Wing Tai | W05 | 0.12 | -0.23 | -0.8 | -0.8 | -6.1 | 1.23 | S$ | Real Estate (excl. REITs) |
| Cosco Shipping | F83 | 0.28 | -0.22 | 0.0 | 0.0 | -4.3 | 0.14 | S$ | Industrials |
| UOB Kay Hian | U10 | 0.24 | -0.21 | 4.2 | 4.2 | 26.8 | 1.75 | S$ | Financial Services |
| A-Sonic Aerospace | BTJ | 0.02 | -0.21 | 17.9 | 17.9 | 6.5 | 0.33 | S$ | Industrials |
| Credit Bureau Asia | TCU | 0.05 | -0.19 | 5.1 | 5.1 | 40.8 | 1.24 | S$ | Industrials |
| Intraco | I06 | 0.01 | -0.19 | 0.0 | 0.0 | 45.3 | 0.39 | S$ | Industrials |
| Bukit Sembawang | B61 | 0.07 | -0.18 | -0.6 | -0.6 | 5.4 | 3.54 | S$ | Real Estate (excl. REITs) |
| Straits Trading | S20 | 0.08 | -0.18 | 0.7 | 0.7 | 6.6 | 1.46 | S$ | Materials & Resources |
| HRnetGroup | CHZ | 0.01 | -0.18 | 0.0 | 0.0 | 2.8 | 0.68 | S$ | Industrials |
| Thakral Corp | AWI | 0.02 | -0.18 | 0.0 | 0.0 | 4.7 | 0.67 | S$ | Real Estate (excl. REITs) |
| OUE Healthcare | 5WA | 0.02 | -0.18 | -10.3 | -10.3 | 0.0 | 0.03 | S$ | Healthcare |
| Uni-Asia Group | CHJ | 0.01 | -0.17 | -1.3 | -1.3 | 2.0 | 0.75 | S$ | Industrials |
| Prime US REIT | OXMU | 0.90 | -0.17 | 2.3 | 2.3 | -1.3 | 0.18 | US$ | REITs |
Source: SGX, Refinitiv & Bloomberg. All Data as of 3 Feb 2025.
Note: Share prices are rounded to the nearest 1 cent.
