Insiders and institutions boost holdings as Singapore listed firms accelerate buybacks
Over five trading days ending Oct 8, directors, CEOs and major shareholders filed dozens of acquisition and disposal notices across more than 40 primary-listed companies, while 32 firms repurchased shares worth S$71.5 million.
In the five sessions through Oct 8, over 100 filings revealed director, CEO and substantial shareholder transactions across more than 40 primary-listed stocks, with 32 acquisitions and six disposals. Companies including UOB, Keppel and Singapore Exchange conducted buybacks amounting to S$71.5 million, while Geo Energy Resources executed its largest ever single-day buyback of 6 million shares.
Executive directors David Loh Kim Kang and Han Seng Juan of Centurion Corporation bought a combined 1,077,500 shares for about S$1.49 million, raising their stakes slightly. Nam Cheong’s executive chairman Tiong Su Kouk purchased 600,000 shares for S$577,500, and GuocoLand chairman Quek Leng Chan added 120,300 shares at S$2.23 each, marginally increasing his deemed interest. Attika Group’s executive chairman Steven Tan bought 227,500 shares for S$48,778, and Amova Asset Management raised its stake in UMS Integration to 6.01 percent after acquiring 2.03 million shares for S$5.81 million.
Why it matters
The surge in insider buying and corporate buybacks signals confidence in Singapore's listed companies and may influence market sentiment.
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