Some rare director share moves made during final week’s trading of 2017
Purchases by high-level board members at Meitu, Yuxing InfoTech Investment, Emperor Watch & Jewellery and Great China Holdings
Directors ended 2017 on a positive note with purchases remaining high for the third straight week while selling remained flat based on filings to the Exchange during the holiday-shortened week of December 27 to 29.
Thirty-six companies recorded 188 purchases worth HK$255 million (US$32.63 million) versus eight firms with 27 disposals worth HK$89 million.
The number of companies and trades were consistent with the previous week’s 5-day totals of 58 firms and 327 trades on the buying side and 13 companies and 47 disposals on the selling side.
The values, however, were sharply down from the previous week’s purchases worth HK$1.256 billion and sales worth HK$322 million.
While the buying by directors remained high, the buy-back activity fell with 19 companies posting 69 repurchases worth HK$306 million based on filings from December 22 to 28. The 3-day figures were sharply down from the previous 5-day totals of 32 firms, 156 trades and HK$484 million.
Several directors reported rare acquisitions at the end of 2017 with purchases by high-level board members at Meitu Inc, Yuxing InfoTech Investment, Emperor Watch & Jewellery and Great China Holdings. Some acquisitions were made following the sharp fall in their share prices.