SGX Market Updates

Singapore Stocks With the Most Net Retail Buy & Sells in Early 2025

SGX
Publish date: Tue, 04 Feb 2025, 08:46 PM
  • 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 five 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 five 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. 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. 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 five 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, Oversea-Chinese Banking Corporation and Centurion Corporation 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. 

The 50 SGX-listed stocks with the highest net retail buying in the 2025 year to Feb 3 are tabled below. 

50 Singapore-Listed Stocks with Most Net Retail Buying in 2025 to 3 FebCode2025 YTD ADT S$M2025 YTD NRF S$M2025 YTD Px Chg %2025 YTD TR Chg % 6M TR Chg %Last CloseCCYSector
DBS GROUP HOLDINGS D05188.10229.701.31.329.044.31SGDFinancial Services
CAPITALAND INVESTMENT 9CI26.7895.29-7.6-7.6-10.02.42SGDFinancial Services
MAPLETREE INDUSTRIAL TRUSTME8U15.4854.69-5.0-3.4-5.12.10SGDREITs
SATS S5812.2941.80-8.0-8.03.83.35SGDIndustrials
MAPLETREE LOGISTICS TRUSTM44U24.0932.24-4.7-3.6-6.21.21SGDREITs
SINGAPORE EXCHANGE S6826.8328.48-2.8-2.828.712.38SGDFinancial Services
VENTURE CORPORATION V038.0724.45-3.3-3.3-13.912.71SGDTechnology
CAPITALAND INTEGRATED COMM TRC38U40.9123.040.00.0-5.91.93SGDREITs
GENTING SINGAPORE G1317.8221.30-2.0-2.0-8.50.75SGDConsumer Cyclicals
MAPLETREE PANASIA COM TRUSTN2IU14.3420.04-2.5-0.8-4.71.18SGDREITs
OVERSEA-CHINESE BANKING CORPO3978.0119.383.43.420.317.26SGDFinancial Services
CITY DEVELOPMENTS C094.9913.58-1.4-1.4-4.25.04SGDReal Estate (excl. REITs)
UOL GROUP U144.6513.51-2.3-2.3-6.05.04SGDReal Estate (excl. REITs)
KEPPEL REITK71U7.7213.30-1.1-1.11.00.86SGDREITs
SINGAPORE AIRLINES C6L20.4412.77-0.3-0.36.86.42SGDIndustrials
AEM HOLDINGS AWX7.2012.360.00.0-7.11.44SGDTechnology
CAPITALAND ASCENDAS REITA17U27.2612.270.00.0-4.92.57SGDREITs
THAI BEVERAGE PUBLIC CO Y929.5412.19-0.9-0.98.00.54SGDConsumer Non-Cyclicals
CAPITALAND INDIA TRUSTCY6U2.3410.39-3.7-3.7-3.21.03SGDREITs
CAPITALAND ASCOTT TRUSTHMN5.009.682.92.90.60.90SGDREITs
IFAST CORPORATION AIY2.949.490.00.02.67.41SGDTechnology
CENTURION CORPORATION OU81.518.363.13.158.00.99SGDReal Estate (excl. REITs)
YANLORD LAND GROUP Z252.757.24-15.2-15.228.70.56SGDReal Estate (excl. REITs)
COMFORTDELGRO CORPORATION C526.306.91-5.4-5.41.81.40SGDIndustrials
JARDINE CYCLE & CARRIAGE C075.276.75-2.3-2.39.427.68SGDConsumer Cyclicals
FRASERS CENTREPOINT TRUSTJ69U6.296.410.90.9-2.32.13SGDREITs
GOLDEN AGRI-RESOURCES E5H2.316.39-7.5-7.5-7.50.25SGDConsumer Non-Cyclicals
FRASERS LOGISTICS & COMMERCIAL TRUSTBUOU8.615.580.00.0-11.60.88SGDREITs
FRASERS HOSPITALITY TRUSTACV1.974.40-2.6-2.639.40.57SGDREITs
JARDINE MATHESON HOLDINGS J367.344.10-3.5-3.516.639.52USDIndustrials
NETLINK NBN TRUSTCJLU3.103.89-1.1-1.14.30.86SGDTelecommunications
NIO INC OVNIO1.323.67-5.5-5.53.64.26USDConsumer Cyclicals
SHENG SIONG GROUP OV81.853.630.00.09.41.64SGDConsumer Non-Cyclicals
OLAM GROUP VC22.043.55-5.7-5.71.81.15SGDConsumer Non-Cyclicals
FAR EAST HOSPITALITY TRUSTQ5T0.623.45-0.8-0.8-0.80.61SGDREITs
KEPPEL DC REITAJBU19.793.090.00.0       9.42.18SGDREITs
FRENCKEN GROUP  E282.333.05-2.7-2.7-12.01.10SGDTechnology
KEPPEL INFRA TRUST A7RU2.202.971.11.10.40.46SGDMaterials & Resources
NANOFILM TECHNOLOGIES INTL MZH1.102.83-7.9-7.9-11.10.70SGDTechnology
DIGITAL CORE REITDCRU2.242.63-6.9-6.9-6.90.54USDREITs
TOP GLOVE CORPORATION BHDBVA2.122.63-9.6-9.629.30.38SGDHealthcare
RIVERSTONE HOLDINGS AP41.052.57-7.3-7.313.81.01SGDHealthcare
FIRST RESOURCES EB51.632.47-3.4-3.41.01.44SGDConsumer Non-Cyclicals
CDL HOSPITALITY TRUSTSJ850.972.27-0.6-0.6-6.40.86SGDREITs
DELFI P340.182.04-6.4-6.4-11.70.73SGDConsumer Non-Cyclicals
FOOD EMPIRE HOLDINGS F030.321.98-1.5-1.5-2.00.98SGDConsumer Non-Cyclicals
AIMS APAC REITO5RU0.731.911.61.61.41.27SGDREITs
LENDLEASE GLOBAL COMMERCIAL REITJYEU1.361.91-0.9-0.9-6.20.55SGDREITs
BUMITAMA AGRI P8Z0.251.56-8.0-8.015.30.81SGDConsumer Non-Cyclicals
ENVICTUS INTERNATIONAL HLDGBQD0.081.51-3.0-3.016.40.32SGDConsumer Cyclicals

All Data as of 3 Feb 2025. Source: SGX, Refinitiv & Bloomberg. Note ADT refers to Average Daily Trading Turnover; NRF refers to Net Retail Flow and prices are rounded to the nearest 1 cent.

The 50 SGX-listed stocks with the highest net retail selling in the 2025 year to Feb 3 are tabled below. 

50 Singapore-Listed Stocks with Most Net Retail Selling in 2025 to 3 FebCode2025 YTD ADT S$M2025 YTD NRF S$M2025 YTD Px Chg %2025 YTD TR Chg % 6M TR Chg %Last CloseCCYSector
SINGTELZ7461.54-108.114.54.512.33.22SGDTelecommunications
UNITED OVERSEAS BANK U1177.45-89.912.72.720.837.32SGDFinancial Services
SINGAPORE TECH ENGINEERING S6315.41-35.414.34.312.44.86SGDIndustrials
SUNTEC REAL ESTATE INV TRUSTT82U10.20-34.020.92.20.21.18SGDREITs
SEATRIUM 5E248.64-27.294.34.345.02.16SGDIndustrials
REX INTERNATIONAL HOLDING 5WH1.99-7.8015.715.742.90.14SGDEnergy/ Oil & Gas
SEMBCORP INDUSTRIES U9614.77-7.46-0.4-0.420.65.50SGDUtilities
JAPFA UD21.20-6.9730.930.997.10.62SGDConsumer Non-Cyclicals
WILMAR INTERNATIONAL F3410.49-5.351.91.91.03.16SGDConsumer Non-Cyclicals
PARKWAYLIFE REITC2PU2.83-4.953.23.28.63.87SGDREITs
CSE GLOBAL 5441.19-4.006.06.0-2.90.44SGDTechnology
UMS INTEGRATION 5581.66-3.301.01.0-0.91.04SGDTechnology
HONG LEONG ASIA H220.53-3.047.17.143.10.98SGDConsumer Cyclicals
WEE HUR HOLDINGS E3B3.58-2.5015.515.5122.40.49SGDIndustrials
YANGZIJIANG SHIPBLDG HLDGS BS663.03-2.491.31.321.23.03SGDIndustrials
LHN 41O0.86-2.142.92.961.50.53SGDReal Estate (excl. REITs)
PROPNEX OYY0.71-1.5613.213.236.81.07SGDReal Estate (excl. REITs)
KEPPEL BN417.62-1.26-1.5-1.511.26.74SGDIndustrials
MANULIFE US REITBTOU0.56-1.195.65.620.50.09USDREITs
TUAN SING HOLDINGS T240.19-1.161.91.925.00.28SGDReal Estate (excl. REITs)
YANGZIJIANG FINANCIAL HOLDING YF84.47-1.1313.313.338.20.47SGDFinancial Services
UNITED HAMPSHIRE US REITODBU0.21-1.100.00.010.50.48USDREITs
OILTEK INTERNATIONAL HQU0.24-0.8110.610.6157.81.15SGDConsumer Non-Cyclicals
IHH HEALTHCARE BERHADQ0F0.04-0.600.00.019.12.19SGDHealthcare
KSH HOLDINGS ER00.11-0.547.07.017.90.23SGDIndustrials
SAMUDERA SHIPPING LINE S560.36-0.542.52.53.70.83SGDIndustrials
HUTCHISON PORT HOLDINGS TRUSTNS8U0.84-0.45-2.4-2.431.10.16USDIndustrials
SIA ENGINEERING CO S590.29-0.42-0.4-0.45.82.36SGDIndustrials
PAN-UNITED CORPORATION P520.10-0.3812.612.620.70.63SGDMaterials & Resources
THE HOUR GLASS  AGS0.15-0.361.31.33.31.56SGDConsumer Cyclicals
HOTEL PROPERTIES H150.05-0.351.11.11.73.61SGDConsumer Cyclicals
EVER GLORY UNITED HOLDINGS ZKX0.03-0.32-1.3-1.3-7.20.39SGDIndustrials
STARHUB CC30.53-0.321.71.7-0.81.23SGDTelecommunications
SINGAPORE LAND GROUP U060.15-0.316.36.26.91.87SGDReal Estate (excl. REITs)
GUOCOLAND F170.05-0.25-1.4-1.41.91.44SGDReal Estate (excl. REITs)
OKH GLOBAL S3N0.24-0.240.00.0107.70.03SGDIndustrials
SINARMAS LAND A260.09-0.23-6.5-6.578.50.29SGDIndustrials
WING TAI HOLDINGS W050.12-0.23-0.8-0.8-6.11.23SGDReal Estate (excl. REITs)
COSCO SHIPPING INTL(S) CO F830.28-0.220.00.0-4.30.14SGDIndustrials
UOB-KAY HIAN HOLDINGS U100.24-0.214.24.226.81.75SGDFinancial Services
A-SONIC AEROSPACE BTJ0.02-0.2117.917.96.50.33SGDIndustrials
CREDIT BUREAU ASIA TCU0.05-0.195.15.140.81.24SGDIndustrials
INTRACO I060.01-0.190.00.045.30.39SGDIndustrials
BUKIT SEMBAWANG ESTATES B610.07-0.18-0.6-0.65.43.54SGDReal Estate (excl. REITs)
STRAITS TRADING CO S200.08-0.180.70.76.61.46SGDMaterials & Resources
HRNETGROUP CHZ0.01-0.180.00.02.80.68SGDIndustrials
THAKRAL CORPORATION AWI0.02-0.180.00.04.70.67SGDReal Estate (excl. REITs)
OUE HEALTHCARE  5WA0.02-0.18-10.3-10.30.00.03SGDHealthcare
UNI-ASIA GROUP  CHJ0.01-0.17-1.3-1.32.00.75SGDIndustrials
PRIME US REITOXMU0.90-0.172.32.3-1.30.18USDREITs

All Data as of 3 Feb 2025. Source: SGX, Refinitiv & Bloomberg. Note ADT refers to Average Daily Trading Turnover; NRF refers to Net Retail Flow and prices are rounded to the nearest 1 cent.

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