Ascendas REIT's property at 9 Changi South Street 3, Singapore. (Photo: REITsWeek)

Ascendas REIT has emerged as the top security disposed by institutional investors on the Singapore Exchange (SGX) for the trading week that began on 4 November.

Approximately SGD71.6 million worth of Ascendas REIT units were disposed by these investors in terms of net sell during the week.

Against the backdrop of these disposals, the unit price of Ascendas REIT fell by more than 7% during the week.

Ascendas REIT announced on 1 November that it was raising some SGD1.3 billion via a rights issue.

Related: Ascendas REIT to raise SGD1.3 billion for maiden foray into US

Other REITs that made it to the top 10 list of securities disposed by institutional investors for the week include Mapletree Commercial Trust (MCT), CapitaLand Mall Trust (CMT), and CapitaLand Commercial Trust (CCT).

Notably, no REIT made it to the list of top 10 securities acquired by institutional investors during the week.

Top 10 Institution Net Buy (+) Stocks (S$M) Week of 4 Nov Top 10 Institution Net Sell (-) Stocks (S$M) Week of 4 Nov
DBS 50.0 Ascendas REIT (71.6)
Venture Corporation 22.0 Mapletree Commercial Trust (19.6)
SGX 20.1 CapitaLand Mall Trust (18.3)
Citic Envirotech 11.4 Singtel (18.2)
Wilmar International 8.8 Yangzijiang Shipbuilding (16.6)
SIA Engineering 8.0 SIA (15.5)
Starhub 7.1 UOB (15.2)
AEM Holdings 6.1 CapitaLand Commercial Trust (13.8)
CapitaLand 6.0 Eagle Hospitality Trust (12.9)
Genting Singapore 5.9 Mapletree Logistics Trust (12.9)

Source: Singapore Exchange

Inversely, Ascendas REIT was the top security acquired by retail investors for the trading week, in terms of net buy.

Approximately SGD50.0 million worth of units were acquired by this group of investors during the week.

This was followed by Eagle Hospitality Trust (EHT) with SGD12.8 million worth of units acquired.

Correspondingly, no REITs appeared in the top 10 list of securities acquired by retail investors on the SGX during the week.

Top 10 Retail Net Buy (+) Stocks (S$M) Week of 4 Nov Top 10 Retail Net Sell (-) Stocks (S$M) Week of 4 Nov
Ascendas REIT 50.0 DBS (77.2)
Yangzijiang Shipbuilding 15.3 OCBC (41.8)
Eagle Hospitality Trust 12.8 Venture Corporation (25.2)
SIA 10.5 Keppel Corporation (21.7)
Keppel DC REIT 8.4 SGX (21.5)
Mapletree Logistics Trust 7.3 CapitaLand (20.0)
Mapletree Commercial Trust 6.6 Singtel (18.3)
Suntec REIT 6.2 Citic Envirotech (16.1)
Hongkong Land Holdings 5.6 UOB (16.0)
Lendlease Global Commercial REIT 5.5 Genting Singapore (10.5)

Source: Singapore Exchange

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.