STI recorded a net institutional inflow of $489m.
Over the past 10 months, from 17 April 2024 to 10 February, the Straits Times Index (STI) surged 23.2% to 3,921.30, surpassing its October 2007 record high of 3,906.16.
Meanwhile, there were two for every three gainers spanning the 730-point rise from the 3,144.76 close on 16 April to the 3,875.13 close on 10 February.
STI recorded a net institutional inflow of $489m, with the top five stocks seeing the highest net institutional inflows over the 10-month period including Singtel, UOB, SGX, OCBC, and ST Engineering.
YZJ Shipbldg SGD saw the strongest gains amongst the STI constituents with a 65% price gain, followed by SGX (53%) and HongkongLand USD (45%).
In the same period, DBS Group Holdings, UOB, and ocbc bank averaged 33% price gains, with their combined weight in the STI rising from 50% on 17 April 2024 to 54% on 10 February.
In addition, the STI achieved total returns of 29.2% during the 10-month period.
“Given the STI's relatively high dividend yield, it's unsurprising that between its October 2007 and February 2025 highs, the STI generated a 95% total return, driven by reinvested dividend distributions,” SGX said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.