Buyers lead trading last week with buy-backs by Xingda, Chaoyue, InvesTech, China Animation and Xingye Copper
23 companies recorded 101 purchases worth HK$131 million against 16 firms with 68 disposals worth HK$123 million, the previous week
Buying was high for the third straight week while selling among directors was high for the second straight week, based on filings on the Hong Kong stock exchange during the holiday-shortened week of October 11 to 14.
A total 23 companies recorded 101 purchases worth HK$131 million against 16 firms with 68 disposals worth HK$123 million.
The number of companies and trades on the buying side were consistent with the previous week’s five-day totals of 26 firms and 112 purchases. The buy value, however, was sharply up from the previous week’s acquisitions worth HK$82 million.
On the selling side, the number of companies was sharply up from the previous week’s 12 firms while the number of trades and value were consistent with the previous week’s 72 disposals worth HK$152 million.
Meanwhile, the buy-back activity rebounded with 16 companies that posted 91 repurchases worth HK$1.691 billion. The number of firms was not far off from the previous week’s 17 companies while the number of trades and value were up from the previous week’s 82 transactions worth HK$1.507 billion.
Buyers led the trading last week with more buy-backs by Xingda International at a higher price and first-time buys by directors in Chaoyue Group, InvesTech Holdings, China Animation and Xingye Copper International.
