Industrials, Real Estate Developers, and Energy total returns paced overall Singapore stock market in January.

In the month of January, the market capitalization weighted average total returns for the overall Singapore stock market was at +4.5%, which compares with the Straits Times Index (STI) +5.8%. By sector*, the market was paced by Industrials (+7.5%), Real Estate Developers (+7.5%) and Energy (+6.7%). Health Care was the only declining sector for the month at -2.4%.

Institutional investors net buy (+)/sell (-) at (+S$75.9m) in January, vs. (-S$572.4m) in December. Financials, Telecommunication Services and Energy were the top net buy sectors.

Institutional investors net bought (+S$75.9m) in the month of January, this compares with a net sell (-S$572.4m) in December. Financials (+S$233.4m), Telecommunication Services (+S$32.7m), and Energy (+S$7.6m) were the top net buy sectors in January. Notably, the Telecommunication Services sector was net bought after six consecutive months of net sell. The top net sell sectors were Industrials (-S$87.8m), Real Estate/REITs (-S$70.1m), and Consumer Discretionary (-S$22.5m).

DBS and OCBC net bought for third consecutive month (+S$1.3bn). Wilmar and Keppel Corp continue to see net buys as both crude and palm oil prices recover.

Singapore banks DBS and OCBC saw net buying activities for the third consecutive month at a combined value of (+S$1.3bn). Notably, Wilmar has been in the top 10 net buy list for five consecutive months on a recovery in crude palm oil prices. Keppel Corp continues to be net bought (+S$47.0m) as WTI crude oil remains above the US$50/bbl level. ComfortDelGro was the top net sell stock (-S$55.9m) for January amidst ongoing concerns on growing competition in the local taxi industry. Investors also continue to net sell CapitaLand Mall Trust, SPH, Sheng Siong and Thai Beverage for consecutive months.

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