Buying bounces back, buybacks plunge
Several significant corporate shareholder trades, despite holiday-shortened week
THE buying rebounded while the selling among directors remained low based on filings on Singapore Exchange during the holiday-shortened Jan 27-30 week. Buyers outnumbered sellers with 11 companies that recorded 21 purchases worth $3.7 million versus a paltry two firms with five disposals worth $350,000.
The number of companies and trades on the buying side were not far off from the previous week's five-day totals of nine firms and 23 acquisitions. The buy value, however, was sharply down from the previous week's purchases worth $7.86 million. The sales, on the other hand, were consistent with the previous week's low totals of four companies, nine disposals, and $590,000.
While the buying by directors rebounded last week, the buyback activity plunged with only three firms that posted five repurchases worth $1.83 million. The figures were sharply down from the previous week's seven companies, 18 tra…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Telegram messaging service to allow Tether stablecoin payments
Hong Kong regulator to probe PwC auditing role over Evergrande
US: S&P, Dow open flat as Middle East jitters ease, Netflix weighs on Nasdaq
DBS puts 46 retail units, HDB shops on market for S$210 million
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade