Buybacks steady while director buying to selling ratio is 5:1

THE five sessions spanning June 9 to June 15 saw the STI decline 0.7 per cent which brought its dividend-inclusive return for the 2017 year to date to 14.0 per cent.

On June 15, World Class Global made its debut on Catalist, ending the session at S$0.275, six per cent above its initial offer price. The group undertakes property development and property investment in major cities in Australia and Malaysia. The sponsor is Zico Capital. World Class is Zico Capital's first IPO since its accreditation as a Full Sponsor in 2016.

Eight stocks conducted share buybacks over the five sessions with a total consideration of S$12.0 million, up three per cent from the preceding five sessions. Again, OCBC contributed most to the buybacks, with another one million shares purchased at an average price of S$10.69, up from the previous week's average purchase price of S$10.60.