Buying plunges, selling remains low

THE buying plunged while the selling among directors remained low based on filings on Singapore Exchange in the last week of January. A total of nine companies recorded 19 purchases worth S$3.06 million versus one firm with two disposals worth S$0.04 million. The buy figures were sharply down from the previous week's 30 companies, 71 purchases and S$7.1 million. There were no sales by directors in the previous week.

Aside from directors, the buyback activity plunged last week with only six companies that posted 20 repurchases worth S$1.63 million. The figures were sharply down from the previous week's 27 firms, 87 trades and S$18.9 million. Despite the sharp fall in the buying last week, there were several significant acquisitions with buybacks in GKE Corporation and Travelite Holdings and insider buys in Keppel Corporation, Ho Bee Land, GL Ltd, Cache Logistics Trust and Mapletree Logistics Trust.

GKE Corporation