OREANDA-NEWS. Of all actively traded stocks listed on Singapore Exchange (SGX), Delfi saw the biggest volume leap last week. This leap was relative to average weekly volumes for the past three months. For the purposes of this report a stock qualifies to be actively traded if it has been listed for at least three months and maintains a three month historical daily turnover of at least S$500,000.

On Friday, there were 2,765,500 shares traded in Delfi, boosting the average volume traded for the five sessions of the week to 731,980.  With the three month daily average volume for Delfi shares at 234,377 shares, Friday’s volume leap was more than 10 times its daily average, taking its volume leap for the week to three times the average. On Friday, the share price of Delfi gained 4.6% which took its year to date total return to 19.6%.

Jardine Strategic Holdings bought back a total of 1,245,356 shares on Thursday and Friday. The approximate value of the buybacks over the two sessions was US$38.3 million (approximately S$51.5 million). Jardine Strategic Holdings noted the repurchased shares will be cancelled, and that it is subject to a requirement to maintain a free float of at least 15%. For the month of July, there was S$70.9 million in share buy backs conducted by 31 stocks. Last week volatility picked up for the share price of Noble Group, which saw its share price move to an intraday low of S$0.122, before ending the week at S$0.154. 

After Delfi, Jardine Strategic Holdings and Noble Group, the next biggest volume jumpers were Vallianz Holdings, Dairy Farm International Holdings, SPH REIT, ARA Asset Management, Sheng Siong Group, Ezion Holdings and Mapletree Commercial Trust. To see more details on the price moves, corporate announcements and actions of each of the 10 stocks, please click on each stock name below.

Delfi is headquartered in Singapore and listed on SGX since November 2004, and formerly known as Petra Foods. Delfi markets and distributes its own brand of chocolate confectionery products in its core markets of Indonesia, Philippines, Singapore and Malaysia. In addition, our chocolate confectionery products are sold in over 10 other countries including Thailand, Brunei, India, South Korea and Vietnam.

Two Real Estate Investment Trusts (REITs) were amongst the 10 actively traded stocks that saw the biggest jump in last week’s volume, compared to their three month average. They were SPH REIT and Mapletree Commercial Trust. The duo averaged a 0.9% total return last week which was twice the return of the SGX S-REIT 20 Index.  Mapletree Commercial Trusts offer of 17 units for 100 units at S$1.42  went ex-offer on 1 August.