20th July

After the election, the market appears to move sideways. It is due to a lacklustre performance that requires calibration of many policies.

I think the Covid situation has yet to improve. 

Looking at the table, institutions have sold off even more. Retails are buying due to its bullishness. Probably influenced by the Chinese market.
I think there is a sense of irrationality in the market. Singapore economy fell worst than expected in terms of Q2 GDP contraction.

The results in Wall street appears to be poor too.

Week of 13 Jul 2020
Institutional investors net sell (-S$211.2m) vs. (-S$120.2m) a week ago
Retail investors net buy (+S$125.1m) vs. (+S$35.5m) a week ago
Top 10 Institution Net Buy (+) Stocks (S$M)	Stock Code	Week of 13 Jul	Top 10 Institution Net Sell (-) Stocks (S$M)	Stock Code	Week of 13 Jul
Wilmar International	F34	16.5	UOB	U11	(50.3)
Singtel	Z74	9.0	SIA	C6L	(26.5)
SGX	S68	8.3	Ascendas REIT	A17U	(21.5)
Tee International	M1Z	7.9	City Developments	C09	(16.6)
OCBC	O39	6.4	Thai Beverage	Y92	(15.7)
Genting Singapore	G13	4.7	ST Engineering	S63	(12.4)
Hi-P International	H17	2.9	CapitaLand	C31	(11.7)
Accordia Golf Trust	ADQU	2.7	DBS	D05	(9.2)
UG Healthcare	41A	2.6	SPH	T39	(8.4)
Venture Corporation	V03	2.3	Jardine Matheson	J36	(8.3)
Top 10 Retail Net Buy (+) Stocks (S$M)	Stock Code	Week of 13 Jul	Top 10 Retail Net Sell (-) Stocks (S$M)	Stock Code	Week of 13 Jul
SIA	C6L	29.7	SGX	S68	(8.8)
UOB	U11	20.4	Wilmar International	F34	(8.2)
City Developments	C09	15.8	Yangzijiang Shipbuilding	BS6	(8.1)
Thai Beverage	Y92	15.6	Tee International	M1Z	(7.9)
CapitaLand	C31	14.6	Genting Singapore	G13	(7.8)
SPH	T39	9.3	OCBC	O39	(5.9)
AEM Holdings	AWX	8.5	DBS	D05	(5.7)
ComfortDelGro	C52	7.5	Venture Corporation	V03	(3.8)
ST Engineering	S63	7.4	Ascendas REIT	A17U	(3.6)
Singtel	Z74	5.8	Frencken Group	E28	(2.6)