Director buying rebounds; buyback activity rises for 4th week
THE buying rebounded while the selling among directors was low for the fifth straight week based on filings on the exchange from May 30 to June 3. A total of 23 companies recorded 55 purchases worth S$1.95 million versus one firm with one disposal worth S$0.025 million. The buy figures were up from the previous week's 20 companies, 41 purchases and S$1.88 million. The sales, on the other hand, were consistent with the previous week's one firm, one disposal and S$0.01 million.
Meanwhile, the buyback activity rose for the fourth straight week with 21 companies that posted 89 repurchases worth S$61.8 million. The figures were up from the previous week's 16 firms, 75 trades and S$40.8 million.
With the very low sales, the bulk of the significant trades last week were purchases with buybacks in CapitaLand, China Sunsine Chemical, TeleChoice International, TLV Holdings and Global Palm Resources. On the directors' side, there were insider buys in Auric Pacific, S I2I Ltd, Hotel Grand Central and Tai Sin Electr…
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