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Bulk of acquisitions done on sharp price falls

Sembcorp Industries, Wing Tai Holdings, Viking Offshore & Marine and Chip Eng Seng in such buyback activity

Utilities, marine and urban development firm Sembcorp Industries resumed buying back at lower than its acquisition prices earlier this year with 600,000 shares purchased from Dec 2 to 5 at S$4.36 to S$4.23 each or an average of S$4.31 each.

THE buying was flat while the selling among directors was low for the fifth straight week based on filings on Singapore Exchange in the first week of December.

A total of 15 companies recorded 27 purchases worth S$3.95 million versus three firms with three disposals worth S$4.1 million....