In addition, institutions turned net buyers for four out of five trading weeks between March 3 to April 4, marking a reversal of the outflows that the sector experienced for much of 2024.
S-REITs’ unit prices have been holding up “relatively better” than broader indices, although they have not gone unscathed, says OCBC Investment Research.
OCBC believes the market is expecting more rate cuts from the US Federal Reserve amid global economic growth concerns. “This has adversely impacted sentiment towards Singapore banks and triggered a rotation into S-REITs, which are seen to be more defensive,” say OCBC analysts on April 8.
