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Buyers active, but sellers are absent

21 firms record 36 purchases worth S$17.3m; buyback activity up as 13 firms post 50 repurchases worth S$11.9m, reports ROBERT HALILI

BUYERS remained active while sellers were absent based on director filings on the Singapore Exchange in the first week of September. A total of 21 companies recorded 36 purchases worth S$17.3 million. The figures were up from the previous week's 19 firms, 32 purchases, and S$4.7 million. Aside from directors, the buyback activity among listed firms rose with 13 companies which posted 50 repurchases worth S$11.9 million. The number of trades and value were up from the previous week's 38 transactions worth S$9 million.

There were several significant buyback and director purchases last week. Global Invacom and KTL Global Ltd resumed buying back in contrasting scenarios. Global Invacom recorded its...

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