Insider buying and buybacks surge
Selling remains low; key purchases in Kingsmen, Maxi-Cash, GuocoLand and Lum Chang.
THE insider buying surged following two weeks of low purchases with six companies that recorded 12 acquisitions worth S$5.73 million based on filings on Singapore Exchange from Feb 20 to 24. The figures were sharply up from the previous week's four firms, five purchases and S$0.23 million.
The selling, on the other hand, remained low with one company with one disposal worth S$0.31 million. The figures were not far off from the previous week's one firm, two disposals and S$0.91 million.
Aside from directors, the buyback activity surged with seven companies that posted 23 repurchases worth S$20.97 million. The figures were sharply up from the previous week's four firms, 15 trades and S$1.7 million. With the surge in the buying last week, the bulk of th…
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