Heavy buys, no sales by directors

THE insider sentiment was positive with heavy buys and no sales by directors based on filings on Singapore Exchange during the holiday-shortened week of Oct 20 to 24. A total of 14 companies recorded 26 purchases worth S$7.3 million. Although the buying was high, the figures were sharply down from the previous week's five-day totals of 28 firms, 50 purchases and S$11.9 million. Aside from directors, the buyback activity fell last week with 15 companies that posted 58 repurchases worth S$11.1 million. The figures were sharply down from the previous week's 20 firms, 83 trades and S$49.7 million.

The heavy buying last week was due to fall in share prices with buybacks in Keong Hong Holdings and Keppel...

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