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March insider transactions
March 2026 was an incredible month for insider transactions.
Insider buys tend to be followed by outperformance, especially when the positions are new and large, in small firms, held by people with CFO or investment management backgrounds, coincide with share buybacks, or when they occur in large clusters of individuals.
The number of buy transactions jumped from 544 to a whopping 1,275 in March, worth US$995 million. According to Smart Insider, this was the most buys in a single month since March 2020.
Insider sentiment became very bullish by the end of the month, with a sell/buy ratio of just 0.6. Causing Asia's insider sentiment to rank among the best globally after Europe:
By country, we saw a dramatic improvement in insider sentiment in China and Hong Kong. However, in China, there's still more selling than buying. There's also been heavy insider buying in South Korea and India. Meanwhile, the sell/buy ratio was essentially flat month-on-month in Thailand and Malaysia.
By sector, there's been a massive cluster in technology hardware stocks such as VSTECS, Hana Microelectronics, Suzhou Jinfu Tech and National Silicon Industry. There's been another very positive cluster in leisure & personal goods companies like Shenzhou International and sneaker brand owner Anta Sports. As well as a positive cluster in Chinese auto stocks like Geely and Minth.
Five highlighted situations
I've gone through Smart Insider's entire list of Asian insider transactions in March. And I've chosen to highlight five of them, ranked from the highest market cap to the lowest:
