Shareholder deals and buybacks continue to fall
THE insider activity fell for the second straight week based on filings on the Singapore Exchange from Oct 12 to 16. A total of 15 companies recorded 29 purchases worth S$0.83 million versus two firms with two disposals worth S$0.204 million. The figures were down from the previous week's 19 companies, 35 purchases and S$2.34 million on the buying side and five firms, six disposals and S$0.364 million on the selling side.
Buyback activity also fell for the second straight week with 13 companies that posted 44 repurchases worth S$2.6 million. The figures were sharply down from the previous week's 20 firms, 83 trades and S$13.54 million.
The bulk of the significant trades were by substantial shareholders with purchases in KS Energy and sales in Hyflux Limited, Cache Logistics Trust and Sarine Technologies. On the directors' side, there were rare acquisitions in Sinjia Land, Lorenzo International and Hotung Investment.
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