China Env, Libra, Hour Glass in spotlight

THE bulk of the significant insider trades last week were purchases in China Environment, Libra Group, The Hour Glass and Global Testing Corporation, while sales by directors fell. The sentiment, however, was mostly negative among the funds with sales in Frencken Group, Linc Energy, CSE Global and Boustead Singapore

Filings on Singapore Exchange from March 24 to 28 showed that buying was lower while selling among directors picked up. A total of 12 companies recorded 26 purchases worth $5.25 million versus six firms with 13 disposals worth $277,000. The number of companies and trades on the buying side were down from the previous week's 19 firms and 35 purchases. The buy value, however, was sharply up from the previous week's purchases worth $3.1 million.

Sales, on the other hand, were up from the previous week's three companies, four disposals and $131,000. Meanwhile, buyback activity plunged last week with four firms posting 16 repurchases worth $12.7 million.