Buyback activity stays high

BUYING fell for the second straight week while selling among directors plunged, according to Singapore Exchange filings for the holiday-shortened April 14-17 week . Five companies made six purchases worth $500,000 versus two firms with three disposals worth $60,000. The figures were sharply down from the previous week's five-day totals of 12 companies, 20 purchases and $6.4 million and four firms, nine disposals and $940,000.

Buyback activity remained high with five companies posting 16 repurchases worth $3.53 million, not far off from the previous week's five companies and 18 transactions but the value fell sharply (previous week: $19.26 million).

Popular Holdings