STI Weakens, but Select Stocks See Strong Institutional Accumulation
Between last Friday’s $Straits Times Index(STI.SI)$ close and Monday’s open, global conditions turned notably tighter, with the US Dollar Index moving back above 100 for the first time in two months, 10-year US Treasury yields rising about 10 basis points, Brent crude up around US$2 per barrel, and $E-mini Nasdaq 100 - main 2606(NQmain)$ futures down about 3.3%, reinforcing a more cautious and selective tone at the start of the week. The STI declined 1.7%, with the iEdge Singapore Next 50 Index down 1.0% and the iEdge S-REIT Index lower by 0.7%, with institutions overall net sellers and retail net buyers. However, flows were not broad-based, with activity becoming more selective across sectors. The
Over the four sessions through to the June 4 close, 22 primary-listed companies conducted buybacks with a total consideration of S$97 million. Singapore Telecommunications again led the buyback tally, with 13.3 million shares at an average price of S$4.33, purchased under the S$2 billion value realisation share buy-back programme Over the five sessions, more than 80 director interests and substantial shareholdings were filed for over 40 primary-listed stocks. Directors or CEOs reported 17 acquisitions and four disposals, while substantial shareholders recorded seven acquisitions and three disposals. 1. $Ho Bee Land(H13.SI)$ Across 28 and 29 May, Ho Bee Holdings acquired a combined 334,700 shares for total consideration of S$702,358, implying an
Singapore Market – STI edges up 0.24% as banks & Thai SDRs lifted
$Straits Times Index(STI.SI)$ gained 0.24% and closed at 5,049.96, as strength in local banks and Thai SDRs offset sharp declines in Indonesian financials. Sectors: Aluminum (+34.85%), Forest Products (+24.93%), Independent Power Producers (+12.72%), Electronic Equipment & Instruments (+12.07%), and Specialty Stores (+7.81%). 10 Popular Stocks: $Gulf Dev TH SDR 1to1(TGUD.SI)$ +12.27% — The Thai power and telecom conglomerate's SDR rallied on core profit growth and diversification synergies from its merged energy and telecom businesses. $Airports TH TH SDR1to1(TATD.SI)$ +6.51% — The Thai airport operator's SDR climbed on tourism recovery optimism and
Semiconductor Test, Equipment and AI Demand Driving Flows and Re rating
The semiconductor value chain runs from chip design and wafer fabrication through equipment, materials, testing and packaging to system manufacturing and final hardware. The Singapore Technology sector is positioned primarily in equipment, testing, and hardware segments. Across the 49 stocks in the local Technology sector, around a dozen companies operate directly within the semiconductor production and testing chain. The majority are positioned in adjacent manufacturing, system integration, infrastructure, and software layers. These companies use semiconductors but do not participate in chip fabrication. These twelve companies span the core execution layers of semiconductor production. This includes testing and validation with $AEM SGD(AWX.SI)$