Stake increases stand out amid net institutional selling
Real estate (excluding Reits) and consumer cyclicals are only sectors to record net institutional buying
In the past five trading sessions from October 23 to October 29, a notable trend emerged in the Singapore stock market. While most sectors saw net institutional selling, real estate (excluding REITs) and consumer cyclicals were the only two sectors to register net institutional buying. Among the majority of primary-listed stocks, 84 filings regarding directors' interests and substantial shareholdings were made, involving 40 primary-listed companies.
Directors or CEOs were involved in 23 acquisitions and one disposal, while substantial shareholders filed for 14 acquisitions and two disposals.
Notably, 19 primary-listed companies conducted buybacks with a combined total of S$12.8 million. Singapore Technologies Engineering led the buybacks with S$5.1 million, equaling its total for the preceding week. Kopernik Global Investors, a substantial shareholder in Golden Agri-Resources, acquired 5.5 million shares at S$0.275 per share, increasing its deemed interest to 8.02 percent. This purchase extends a long period of accumulation for Kopernik, which became a substantial shareholder in June 2023.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
