VPower leads rare share buy-backs and insider purchases in shortened week of Hong Kong trading
Thirty-nine recorded 179 purchases worth US$28.29 million versus 11 firms with 34 disposals worth US$22.21. The number of companies on the buying side was not far off the previous week’s 5-day total of 42 firms
There were several rare transactions last week with buy-backs in Yongsheng Advanced Materials and China New City Commercial Development, insider buys in NagaCorp Limited and VPower Group and sales in FDG Electric Vehicles, based on filings on the Hong Kong exchange during the holiday-shortened week of May 21 to 25.
Thirty-nine companies recorded 179 purchases worth HK$222 million (US$28.29 million) versus 11 firms with 34 disposals worth HK$142 million (US$22.21). The number on the buying side was not far off the previous week’s 5-day total of 42 firms, while the number of purchases was sharply down from the previous week’s 273 acquisitions.
The buy value, on the other hand, was sharply up from the previous week’s purchases worth HK$172 million. On the negative side, the number of firms and trades were consistent with the previous week’s 12 companies and 41 disposals.
The sell value, on the other hand, was sharply up from the previous week’s disposals worth HK$38 million.
Aside from directors, buy-back activity remained high with 28 companies posting 101 repurchases worth HK$1.12 billion based on filings from May 18 to 24.
The 4-day figure was consistent with the previous 5-day totals of 27 firms, 142 trades and HK$1.16 billion.
