Buybacks at eight-month high in May
Director buying to selling ratio at 5:1, as ST Index maintains 3,200 level.
THE five sessions spanning May 26 to June 1 saw the Straits Times Index (STI) generate a marginal 0.1 per cent gain, ending the five sessions at 3,224 and bringing its 2017 year-to-date (YTD) total return to 14.1 per cent.
Eleven stocks conducted share buybacks over the five sessions with a total consideration of S$11.9 million, down 17 per cent from the preceding five sessions. For the month of May, a total of 20 companies conducted buybacks, with a total of consideration of S$49 million, the highest monthly value since September 2016.
Over the five sessions, more than 50 stocks lodged changes o…
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