• While ending the week up 0.2%, mid-week moves saw the STI decline 1.3% on Monday, before gaining 1.3% on Thursday. Within the STI, the biggest gainers for the week were CapitaLand, SGX and YZJ averaging 3.9% gains while CICT, Keppel DC REIT & Thai Bev led the decliners, averaging 1.9% declines. 
   
• CapitaLand was recipient to S$74 million of net institutional inflow over the four sessions, turning the 2021 YTD net institutional flows for the stock from net outflows of S$21 million to net inflows of S$53 million. CapitaLand also led all Singapore-listed stocks in the net institutional inflows logged for the week. 
   
• CapitaLand has attributed its 25.0% price gain this year to the significant restructure to sharpen its strategic focus to create CapitaLand Investment (“CLI”) built to be a leading listed global Real Estate Investment Manager, with a strong Asia foothold comprising funds management, lodging management, stakes in listed funds, stakes in unlisted funds and investment properties.
   
• The CapitaLand/CLI EGM and Scheme Meeting is scheduled for 10 Aug, and if approved, the expected date for the delisting of CapitaLand and listing of CLI Shares is on or around 17 Sept 2021 (click here for more).

While the Straits Times Index (“STI”) was little changed on the week, posting a modest 0.2% gain to 3,157.05, a mid-week readjustment in economic sentiment saw the Singapore benchmark. On Monday the STI declined 1.3%, with Tuesday closed for the Hari Raya Haji holiday, and on Thursday the STI gained 1.3%. While the combined net institutional flow for the 30 STI stocks over the four sessions was S$37 million in outflow, the highly diversified stocks saw flows ranging from S$74.1 million in net institutional inflows for CapitaLand to S$28.3 million in net institutional outflow for United Overseas Bank.