Manufacturing-related stocks book $68m in net institutional inflows

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pemTotal returns, however, declined by 8.9% year-on-year/em/p pDespite Singapore’s weak key exports, the indicative iEdge SG Advanced Manufacturing Index still booked $68m in net institutional inflows year to date, defying the overall net institutional outflow across the broader local stock market.

Despite Singapore’s weak key exports, the indicative iEdge SG Advanced Manufacturing Index still booked $68m in net institutional inflows year to date, defying the overall net institutional outflow across the broader local stock market.

Total returns, however, went down by 8.9% with close to three gainers recorded for every five decliners across more than 100 SGX-listed companies included in the index. Overall, there were 63 decliners and 37 gainers, while the returns of four constituents were unchanged. South Korea posted a 3.1% YoY growth in exports last month while Taiwan’s exports jumped 18.9% during the same comparable period.

 

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