Insider trades: Director buying drops a first in four weeks; nil director sales last week; buyback volumes steady.
Asia Insider notes that director buying fell for the first time in the past four weeks.
Insider buying: 18 companies saw 30 purchases worth $6.77m, vs. 28 firms, 56 purchases worth $17.14m the week prior.
Insider sales: Nil vs. two companies, which saw three disposals worth $0.89m the week prior.
Buyback: 20 companies posted 60 repurchases worth $14.7m, vs. 19 firms, 55 transactions worth $14.7m the previous week.
Federal International (2000): Chairman & CEO Koh Kian Kiong resumed buying shares at higher than his acquisition price in Jan, with 210,000 shares purchased on 10 Mar at $0.23 each. This increased his direct holdings to 7.91% of issued capital.
Hong Fok: Joint chairman & joint MD Cheong Sim Eng continued buying shares after a 19% bounce in share price since 3 Feb, scooping up 165,000 shares from 4-7 Mar at average of $0.769/share. This increased his direct holdings to 11.97% of issued capital
Maxi-Cash: Non-executive chairman Koh Wee Seng resumed buying shares at higher than his acquisition prices in Feb with 98,300 shares purchased on Mar 8 at $0.14 each. The trade increased his direct holdings to 4.44% of issued capital.
Silverlake Axis: CEO and group MD Raymond Kwong Yong Sin made his first on-market trade since Aug ’15, picking up 100,000 shares on 11 Mar at $0.592 each. The acquisition was made on the back of a 12% rebound in share price since Jan.