Directors' trading activity up; buybacks decline
TRADINGS by company directors rose with 20 companies recording 52 transactions worth S$18.3 million in the Jan 19-23 week, according to filings on Singapore Exchange. The figures were up from the previous week's 18 firms, 44 trades and S$14.4 million. Buyers outweighed sellers with 16 companies that recorded 45 purchases worth S$12.5 million versus five firms with seven disposals worth S$5.8 million. The buy figures were up from the previous week's 17 companies, 39 purchases and S$9.3 million. The sales, on the other hand, were up from the previous week's two firms, five disposals and S$5.1 million.
While the buying by directors rose last week, the buybacks fell with 16 companies that posted 58 repurchases worth S$24.4 million. The number of firms was unchanged but the number of trades and value were sharply down from the previous week's 73 transactions worth S$33.7 million. The bulk of the significant trades last week were purchases with buybacks in Ho Bee Land and Global Palm Resources and insider buys in Hong Fok Corporation, China Environment, CH Offshore Limited and Sarine Technologies.
Ho Bee Land
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