Buybacks surge, buying stays flat
BUYING remained flat for the second straight week while selling by directors fell, based on Aug 4-8 filings on Singapore Exchange. Nine companies recorded 24 purchases worth S$2.86 million versus four firms with four disposals worth S$4.6 million. The number of firms and value on the buying side were not far off from the previous week's four-day totals of five companies and S$2.6 million. The number of purchases, however, was sharply up from the previous week's 11.
On the selling side, the number of trades and value were down from the previous week's eight disposals worth S$5.8 million. The number of companies, however, was not far off from the previous week's three.
While buying by directors was flat last week, buyback activity surged with seven companies posting 36 repurchases worth S$13.1 million, up from the previous week's four firms, 16 trades and S$6.1 million respectively.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Bank of Singapore takes action against employees for misusing medical benefits
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine