The recent SGX Market Updates report shows Singapore’s financial and technology sectors experienced selective net institutional inflows on June 8, despite regional market declines. Financial sector inflows were led by United Overseas Bank (UOB), Oversea-Chinese Banking Corporation (OCBC), Singapore Exchange (SGX), Yangzijiang Maritime, and UOB Kay Hian, with these stocks averaging a 1.6% decline. The technology sector saw inflows in companies like UMS Holdings, Venture Corporation, and AEM Holdings, averaging a 0.7% decline.
The outlook for the second half of 2026 suggests moderating but resilient growth in Singapore, supporting demand for electronics and capital expenditure-linked segments. However, rising energy and logistics costs, along with renewed trade frictions, are creating tighter conditions and more selective market behaviour.
Global conditions also tightened, with the US Dollar Index rising above 100, 10-year US Treasury yields increasing by 10 basis points, and Brent crude prices climbing by $2 (US$2) per barrel. This contributed to a cautious market tone, with the Straits Times Index (STI) declining by 1.7%.
Despite overall net outflows from Singapore-listed exchange-traded funds (ETFs), 35 ETFs recorded net inflows totalling S$20m. The SPDR Straits Times Index ETF led with S$6m in inflows.
The selective institutional flows reflect targeted positioning rather than broad-based risk appetite. Financial services and technology sectors anchored the day’s positive net institutional flows, securing S$26m and S$9m, respectively. This pattern aligns with a resilient yet tightening macroeconomic backdrop, with manufacturing conditions supporting demand even as input costs rise.
