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Bulk of acquisitions done on sharp price falls

Sembcorp Industries, Wing Tai Holdings, Viking Offshore & Marine and Chip Eng Seng in such buyback activity

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Utilities, marine and urban development firm Sembcorp Industries resumed buying back at lower than its acquisition prices earlier this year with 600,000 shares purchased from Dec 2 to 5 at S$4.36 to S$4.23 each or an average of S$4.31 each.

THE buying was flat while the selling among directors was low for the fifth straight week based on filings on Singapore Exchange in the first week of December.

A total of 15 companies recorded 27 purchases worth S$3.95 million versus three firms with three disposals worth S$4.1 million.

sentifi.com

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