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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