• In the first week of March, Singapore stocks recorded S$39 million in net institutional inflows. This marked the first weekly instance of net buying by institutions across the local market since the last week of January, and represented the highest weekly net inflow since the shortened trading week ending December 27.
• The two sectors with the highest net institutional buying for the week were Industrials and Consumer Non-Cyclicals. The net inflows to these two sectors were substantial enough to more than offset their net institutional selling for the previous eight weeks from the end of 2024. 
• Among the 50 stocks with the highest net institutional inflows for the week, Hong Leong Asia, ST Engineering, ISDN and First Resources also posted double-digit percentage price gains. ISDN's 13% gain followed its report of 72% growth in FY24 attributable net profit, and 25% sequential growth from 1HFY24 to 2HFY24. 

Last week, Singapore stocks recorded S$38.52 million in net institutional inflows. This marked the first weekly instance of net buying by institutions across the local market since the last week of January. Additionally, it represented the highest weekly net inflow since the shortened trading week ending December 27, 2024. 

The two sectors with the highest net institutional buying for the week were Industrials and Consumer Non-Cyclicals. The net inflows to these sectors were substantial, reversing the trend of net institutional outflows over the preceding two months. For instance, Industrials booked net institutional outflow of S$93.5 million for the first two months of 2025 before last week’s S$102.1 million of net institutional inflow into the Industrials Sector, led by ST Engineering and Singapore Airlines, reversed the preceding two months of net outflow. Meanwhile, Wilmar International, Thai Beverage and First Resources led the S$22.6 million in net institutional inflow to the Consumer Non-Cyclical Sector last week, more than reversing the S$8.0 million in net institutional outflow for the Sector over the first two months of the year. 

Of the 50 stocks that booked the highest net institutional inflow last week, just 13 stocks were STI constituents. The remaining 37 stocks maintain market capitalisation spanning S$11.2 billion (NIO Inc) to S$61 million (Uni-Asia Group). Among the 50 stocks, the five with the highest net institutional inflows relative to their current market capitalisation last week were UMS Holdings, Yangzijiang Financial (Holding), ComfortDelGro Corporation, PEC, and ST Engineering.

Among the 50 stocks with the highest net institutional inflows for the week, Hong Leong Asia, ST Engineering, ISDN Holdings and First Resources also posted double-digit percentage price gains for the week. All four stocks reported in the week prior to last week, with ISDN Holdings the last of the four to report, after the Feb 28 close. 

ISDN Holdings saw its share price increase 12.9% on the week, after the engineering and industrial computing solutions provider reported FY24 results after the February 28 market close. Its FY24 attributable net profit increased 72% from FY23.

The Group’s FY24 revenue grew 9.0% from FY23, and 13.3% sequentially from 1HFY24 to 2HFY24, with growth across all key business units and regions. The China industrial automation business, which accounted for 71% of the FY24 revenue, grew 4.0% from FY23 and 1.5% sequentially from 1HFY24 to 2HFY24, aligning with the recovery of China's manufacturing economy through 2024. Its Southeast Asia industrial automation business, which accounted for 20% of the FY24 revenue, grew 3.1% from FY23 and 25.2% sequentially from 1HFY24 to 2HFY24, reflecting the cautious recovery from the industrial downcycle experienced in 2023-2024. Finally, its hydropower business, which accounted for 6% of its FY24 revenue, surged 233% to S$22.3 million in FY24 mainly through its three operational hydropower plants. ISDN Holdings’ final dividend for FY24 is set at 0.47 Singapore cents, up 68% from FY23. The Group also noted that it is monitoring developments in the global tariffs and trade tensions, and so far ISDN’s “Asia-for-Asia” regional strategy continues to insulate the business from impact.

The 50 stocks that booked the highest net institutional inflow last week are tabled below. 

All Data as of 7 March 2025, Source: SGX & Refinitiv. Note ADT refers to Average Daily Trading Turnover; NIF refers to Net Institutional Flow.

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.