Directors' share purchases rebound
Buying up sharply, with significant purchases in Eurosports Global, GuocoLeisure, Tiong Seng Holdings and Yoma
THE buying rebounded sharply while the selling among directors was flat based on filings on the Singapore Exchange in the last week of May. A total of 22 companies recorded 45 purchases worth S$5.83 million versus four firms with seven disposals worth S$0.92 million. The buy figures were sharply up from the previous week's 15 companies, 24 purchases and S$3.98 million. On the selling side, the number of firms and trades were unchanged from the previous week while the sell value was sharply down from the previous week's disposals worth S$7.42 million.
While the buying by directors rose last week, the buyback activity fell with 13 companies that posted 45 repurchases worth S$27.9 million. The number of firms and trades were down from the previous week's 17 companies and 54 repurchases. The value, however, was sharply up from the previous week's buybacks worth S$19 million.
The huge buyback value was mainly due to DBS Group with repurchases worth S$18.3 million last week.
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