The impact of the Trump Administration's new significant tariff policy under the US International Emergency Economic Powers Act has significantly The impact of the Trump Administration's new significant tariff policy under the US International Emergency Economic Powers Act has significantly impacted global financial market volatility and growth outlooks. Since the end of March, the FTSE All-World Index has declined by 9.3% in SGD total returns, while the STI declined 10.5%. Net flows indicated retail investors continued to be net buyers of lagging stocks over the first five sessions of April. Yield hunting also emerged on 7 April, with more S-REITs making the net retail buying leaderboard. Institutions also net bought S$153.0 million in Singapore stocks on 7 April. On April 7, CapitaLand Ascendas REIT, Mapletree Ind Trust, Frasers Log & Comm Trust, Keppel REIT, Lendlease Global Comm REIT, Frasers Centrepoint Trust, CapitaLand China Trust, AIMS APAC REIT, Sasseur REIT, and Frasers Hosp Trust were among 40+ stocks that booked net institutional and net retail buying. Together the 10 trusts average a 7.2% yield. The five sessions that have followed the Straits Times Index (STI) forming its all-time intraday high of 4,005.18, have seen the Index decline 10.5% in total return to 3,540.50. The decline has aligned with global and regional benchmarks, as most asset classes have been impacted by a strong wave of risk-off sentiment, with international corporations looking to establish how to navigate the new overarching US tariff rates, while global growth forecasts have been reduced. The FTSE APAC Index has declined 9.8%, while the Bloomberg All World Banks Index has declined 10.2%. As the STI saw a relatively quick sell-off, the five sessions saw institutions net buy S$15.1 million in Singapore stocks, while retail net bought S$671 million in Singapore stocks. On April 7 alone, the STI saw its steepest one-day decline in total return terms since March 2020, with a 7.5% price decline and 7.1% decline in total return, when accounting for the DBS Group Holdings distribution that went ex-dividend. On April 7, institutions net bought S$153.0 million in Singapore stocks, while retail investors net bought S$110.5 million. The more than 40 stocks that booked both net institutional and net retail buying on April 7 are tabled below. Stocks that booked both net institutional and net retail buying on 7 April Code YTD ADT S$M Mkt Cap S$M Div Yield % 7 April TR% 7 April NIF S$M 7 April NRF S$M 5D TR% 5D NIF S$M 5D NRF S$M YTD TR% YTD NIF S$M OCBC Bank O39 UOB U11 Genting Sing G13 CityDev C09 CapLand Ascendas REIT A17U Mapletree Ind Tr ME8U Frasers L&C Tr BUOU Keppel Reit K71U Lendlease Reit JYEU SingPost S08 Frasers Cpt Tr J69U CapLand China T AU8U Geo Energy Res RE4 UOB Kay Hian U10 China Aviation G92 AIMS APAC Reit O5RU Q&M Dental QC7 Pan United P52 ComfortDelGro C52 Golden Agri-Res E5H Sasseur Reit CRPU BRC Asia BEC Bukit Sembawang B61 Banyan Tree B58 Hong Fok H30 Far East Orchard O10 Zixin 42W N/A Pacific Century P15 Creative C76 N/A Fu Yu F13 N/A Frasers HTrust ACV Yoma Strategic Z59 N/A Rex Intl 5WH N/A Katrina 1A0 N/A Soilbuild Construction V5Q UOI U13 Tiong Woon BQM Wing Tai W05 GS Hldg 43A N/A FJ Benjamin F10 N/A SLB Dev 1J0 N/A Union Gas 1F2 QAF Q01 All Data as of 7 April 2025, Source: SGX & Refinitiv. Note ADT refers to Average Daily Trading Turnover; NIF refers to Net Institutional Flow, NRF refers to Net Retail Flow, TR refers to Total Return. Among the stocks tabled above approximately one quarter represented the S-REITs Sector. These were CapitaLand Ascendas REIT, Mapletree Industrial Trust, Frasers Logistics & Commercial Trust, Keppel REIT, Lendlease Global Commercial REIT, Frasers Centrepoint Trust, CapitaLand China Trust, AIMS APAC REIT, Sasseur REIT, and Frasers Hospitality Trust. Together the 10 trusts average a 7.2% trailing 12-month distribution yield. For the latest S-REITs & Property Trusts chartbook, click here Retail Net Buying Trends: Focus on Lagging Stocks, Extending to REITs The S$671 million net retail buying over the past five sessions brings net retail buying in Singapore stocks to S$1.97 billion for the 2025 year to 7 April. The 20 stocks that led net retail buying over the past five sessions experienced an average decline of 13.7%, which was twice the average decline of 6.4% seen by the 20 stocks with the highest net retail selling. Additionally, the 20 stocks with the highest net retail buying over the five sessions have recorded a 15.3% decline in total return this year, compared to an average positive total return of 3.8% for the 20 stocks with the most net retail selling over the five sessions. This suggests that there has been an element of value trading in the net retail buying activity through the five sessions of declines. The 20 stocks that led net retail buying over the past five sessions are listed below. 20 stocks that led net retail buying over the past 5 sessions Code YTD ADT S$M Mkt Cap S$M Ind Div Yield % 7 April TR% 7 April NIF S$M 7 April NRF S$M 5D TR% 5D NIF S$M 5D NRF S$M YTD TR% YTD NIF S$M DBS D05 UOB U11 OCBC Bank O39 Keppel BN4 Seatrium Ltd 5E2 N/A YZJ Shipbldg SGD BS6 Venture V03 CapitaLandInvest 9CI CityDev C09 SATS S58 SGX S68 IFAST AIY Genting Sing G13 UMS Kep Infra Tr A7RU CapLand India T CY6U Keppel DC Reit AJBU AEM SGD AWX N/A Olam Group VC2 Aztech Gbl 8AZ All Data as of 7 April 2025, Source: SGX & Refinitiv. Note ADT refers to Average Daily Trading Turnover; NIF refers to Net Institutional Flow, NRF refers to Net Retail Flow, TR refers to Total Return. On 7 April, net retail buying totalled S$110.5 million, with the 20 stocks that booked the most net retail buying averaging an 8.2% decline in total return for the day. As many as 14 of the 20 stocks that experienced the highest net retail buying on 7 April also ranked among the top 20 stocks with the highest net retail buying for the past five sessions. The six stocks that joined the rankings on 7 April were all Real Estate Investment Trusts, and average a 6.7% trailing 12-month distribution yield. These S-REITs included Suntec REIT, Mapletree Logistics Trust, CapitaLand Ascendas REIT, Mapletree Industrial Trust, Frasers Logistics & Commercial Trust, and Keppel REIT. The 20 stocks that led net retail buying on April 7 are tabled below. 20 Stocks That Led Net Retail Buying on April 7 Code YTD ADT S$M Mkt Cap S$M Ind Div Yield % 7 April TR% 7 April NIF S$M 7 April NRF S$M 5D TR% 5D NIF S$M 5D NRF S$M YTD TR% YTD NIF S$M DBS D05 Keppel BN4 OCBC Bank O39 CapitaLandInvest 9CI UOB U11 SGX S68 Venture V03 Suntec Reit T82U Mapletree Log Tr M44U Genting Sing G13 CityDev C09 Keppel DC Reit AJBU Kep Infra Tr A7RU CapLand Ascendas REIT A17U Mapletree Ind Tr ME8U Frasers L&C Tr BUOU UMS IFAST AIY Seatrium Ltd 5E2 N/A Keppel Reit K71U All Data as of 7 April 2025, Source: SGX & Refinitiv. Note ADT refers to Average Daily Trading Turnover; NIF refers to Net Institutional Flow, NRF refers to Net Retail Flow, TR refers to Total Return. Institutions Also Net Bought Singapore Stocks Over Past Week The past five sessions saw institutions net buy S$15.1 million in Singapore stocks. The net buying was achieved on the back of S$153.0 million of net institutional buying on 7 April. A total of 13 stocks were ranked among the most net bought by institutions on both the April 7 session, and the first five sessions of April (which includes the April 7 session). This means that among the 20 stocks that booked the highest net institutional inflow on 7 April, there were seven stocks that did not rank among the 20 most net bought by institutions over the five sessions. These included United Overseas Bank, Genting Singapore, Mapletree Industrial Trust, SATS, UOL Group, CapitaLand Ascott Trust, and DFI Retail Group. The 20 stocks that booked the highest net institutional inflow on the 7 April session are tabled below. Excluding Sinarmas Land, the stocks maintain an average indicative yield of 5.1%. 20 Stocks that booked highest net institutional inflow on the 7 April session Code YTD ADT S$M Mkt Cap S$M Ind Div Yield % 7 April TR% 7 April NIF S$M 7 April NRF S$M 5D TR% 5D NIF S$M 5D NRF S$M YTD TR% YTD NIF S$M Singtel Z74 OCBC Bank O39 CapLand IntCom T C38U SIA C6L CapLand Ascendas REIT A17U YZJ Fin Hldg YF8 Wilmar Intl F34 UOB U11 Genting Sing G13 Mapletree PAsia Com Tr N2IU Mapletree Ind Tr ME8U HongkongLand USD H78 SATS S58 UOL U14 ComfortDelGro C52 ParkwayLife Reit C2PU ThaiBev Y92 Sinarmas Land A26 CapLand Ascott T HMN DFIRG USD D01 All Data as of 7 April 2025, Source: SGX & Refinitiv. Note ADT refers to Average Daily Trading Turnover; NIF refers to Net Institutional Flow, NRF refers to Net Retail Flow, TR refers to Total Return. The more comprehensive table below details the recent flows and performances for the 150 most traded stocks by average daily turnover (ADT) in the 2025 year to 7 April. Stock Code YTD ADT S$M Mkt Cap S$M Ind Div Yield % 7 April TR% 7 April NIF S$M 7 April NRF S$M 5D TR% 5D NIF S$M 5D NRF S$M YTD TR% YTD NIF S$M DBS D05 UOB U11 OCBC Bank O39 Singtel Z74 YZJ Shipbldg SGD BS6 CapLand IntCom T C38U Seatrium Ltd 5E2 N/A ST Engineering S63 SGX S68 SIA C6L CapLand Ascendas REIT A17U CapitaLandInvest 9CI Mapletree Log Tr M44U Genting Sing G13 Keppel BN4 Sembcorp Ind U96 Mapletree Ind Tr ME8U YZJ Fin Hldg YF8 Keppel DC Reit AJBU SATS S58 Wilmar Intl F34 HongkongLand USD H78 Frasers L&C Tr BUOU Mapletree PAsia Com Tr N2IU JMH USD J36 ComfortDelGro C52 ThaiBev Y92 Frasers Cpt Tr J69U Venture V03 Suntec Reit T82U CityDev C09 Keppel Reit K71U UOL U14 IFAST AIY Jardine C&C C07 AEM SGD AWX N/A CapLand Ascott T HMN ParkwayLife Reit C2PU Rex Intl 5WH N/A SingPost S08 NetLink NBN Tr CJLU Wee Hur E3B CapLand India T CY6U First Resources EB5 Kep Infra Tr A7RU DigiCore Reit USD DCRU Lendlease Reit JYEU Yanlord Land Z25 N/A UMS Frencken E28 Olam Group VC2 ESR-REIT J91U DFIRG USD D01 Riverstone AP4 Sheng Siong OV8 Raffles Medical BSL PARAGONREIT SK6U Centurion OU8 Golden Agri-Res E5H NIO Inc. USD OV NIO N/A CapLand China T AU8U HPH Trust USD NS8U RH Petrogas T13 N/A Nam Cheong 1MZ N/A Frasers HTrust ACV CDL HTrust J85 Top Glove BVA N/A Geo Energy Res RE4 Haw Par H02 Yoma Strategic Z59 N/A Japfa UD2 CSE Global Food Empire F03 StarHub CC3 SIA Engineering S59 Hong Leong Asia H22 Far East HTrust Q5T SamuderaShipping S56 Aztech Gbl 8AZ Stoneweg Reit EUR CWBU Prime US Reit USD OXMU AIMS APAC Reit O5RU Nanofilm MZH PropNex OYY UOB Kay Hian U10 StarhillGbl Reit P40U LHN 41O Mermaid Maritime DU4 N/A OUEREIT TS0U MarcoPolo Marine 5LY China Aviation G92 ISOTeam 5WF OKH Global S3N N/A CNMC Goldmine 5TP ManulifeReit USD BTOU N/A Valuetronics BN2 Bumitama Agri P8Z Grand Venture JLB Sasseur Reit CRPU COSCO SHP SG F83 N/A TJ DaRenTang USD T14 First Reit AW9U KepPacOakReit USD CMOU N/A ISDN I07 Tuan Sing T24 Delfi P34 GKE Hong Fok H30 Medtecs Intl N/A China Sunsine QES Oiltek HQU UtdHampshReit USD ODBU SBS Transit S61 Sinarmas Land A26 Beng Kuang BEZ N/A Boustead F9D IREIT Global SGD UD1U OKP 5CF Koh Eco 5HV N/A BRC Asia BEC Civmec P9D PC Partner PCT N/A Memiontec Hldgs TWL Ley Choon Q0X Bukit Sembawang B61 Daiwa Hse Log Tr DHLU PEC IX2 Hong Leong Fin S41 Wing Tai W05 Frasers Property TQ5 Econ Healthcare EHG LHT BEI Katrina 1A0 N/A SingaporeLandGrp U06 Zhongxin Fruit 5EG N/A KOP 5I1 N/A Q&M Dental QC7 GS Hldg 43A N/A Thomson Medical A50 N/A TheHourGlass AGS PanUnited P52 Biolidics 8YY N/A HPL H15 Zixin 42W N/A Straits Trading S20 AdvancedSystems WJ9 N/A APAC Realty CLN HRnetGroup CHZ Jiutian Chemical C8R N/A Ho Bee Land H13 All Data as of 7 April 2025, Source: SGX & Refinitiv. Note ADT refers to Average Daily Trading Turnover; NIF refers to Net Institutional Flow, NRF refers to Net Retail Flow, TR refers to Total Return. Enjoying this read? Subscribe now to our SGX My Gateway newsletter for a compilation of latest market news, sector performances, new product release updates, and research reports on SGX-listed companies. Stay up-to-date with our SGX Invest Telegram and WhatsApp channel. Discussions Post a Comment.