Director acquisitions soar as earnings season wraps up
FOR the five sessions ended March 8, the Straits Times Index (STI) declined 1 per cent compared to an average 0.9 per cent decline for the benchmarks of Japan, Hong Kong, Australia and the United States. In SGD total returns terms, the STI has been the best 2018 performer (through to March 8) of the benchmarks, gaining 2.4 per cent compared to their average decline of 0.8 per cent.
Share buybacks for the five sessions encompassing March 2 to 8 continued the previous week's momentum with 16 stocks buying back a total consideration of S$53.6 million. For a second consecutive week, CapitaLand led the buyback consideration tally, buying back 6.1 million shares for a sum of S$21.9 million.
Over the five sessions, almost 70 SGX primary-listed stocks lodged 170 changes in director interests or substantial shareholders. There were 43 director acquisitions and five disposals filed, with substantial shareholders filing 19 acquisitions and 17 disposals.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
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
US: Stocks rally after strong tech results