Insider Trade

Insider Trade: Asia Insider notes that buying fell for the first time in four weeks for the week ending 4 Sept, while selling remained weak.

Purchases: 29 companies saw 68 purchases worth $2.76m versus 50 companies with 122 purchases worth $19.4m in the prior week.

Sales: One firm had four disposals worth $0.37m, compared to one company with two transactions worth $0.83m the previous week.

Buybacks: 30 companies made 110 repurchases worth $91.3m, against 37 firms with 137 buybacks worth $126.9m the week before.

Notable transactions:
Centurion: Bought back 2m shares at average price of $0.423, following a 29% drop since May. The transactions accounted for 57% of the stock’s trading volume.

Tat Hong: Bought back 1.24m shares at average price of $0.469 after a 21% share price drop since Jul. The trades represented 48% of the stock’s trading volume. Its previous buybacks were in Oct ’14.

Trek 2000: Bought back for the first time since Jan ’08 308,000 shares at average price of $0.298, after the stock plunged 41% since May. The trades accounted for 73% of the stock’s trading volume.

ASL Marine: Chairman and managing director Ang Kok Tian recorded his maiden on-market trade of 8,000 shares at an average purchase price of $0.336. This comes after the share price sank 31% since Jan.

Lum Chang: Chairman Raymond Lum continued where he left off in Jun, purchasing 1.12m shares at average price of $0.364. The trades comprised 87% of the stock’s trading volume, and came after the stock tumbled 12% since Jul.