Buying surges for third straight week
Selling remains very low; buyback activity stays high following steep fall in share prices.
THE buying surged for the third straight week while the selling among directors remained very low, based on filings on Singapore Exchange in the fourth week of August. A total of 50 companies recorded a whopping 122 purchases worth S$19.4 million, against one firm with two disposals worth S$0.834 million. The buy figures were sharply up from the previous week's 34 companies, 76 purchases and S$7.65 million. The sales, on the other hand, were consistent with the previous week's one firm, one disposal and S$0.26 million.
Meanwhile, the buyback activity remained high with 37 companies posting 137 repurchases worth S$126.9 million. …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Japan’s Uniqlo opens Rome store as part of European expansion
Microsoft-OpenAI deal set to dodge formal EU merger probe: sources
China slams US move to investigate its shipbuilding industry
TikTok divest-or-ban bill heads to fast track in US congress
Google lays off employees, shifts some roles abroad amid cost cuts
Cordlife files police report against former employees for ‘potential wrongdoings’