Buying by directors up, sales flat

BUYING rose for the third straight week while selling among directors was flat for the second straight week based on filings on the Singapore Exchange from Feb 29 to March 4. A total of 28 companies recorded 56 purchases worth S$17.14 million versus two firms with three disposals worth S$0.885 million.

The buy figures were sharply up from the previous week's 17 companies, 35 purchases and S$6.76 million.

The sales, on the other hand, were not far off from the previous week's one firm, three disposals and S$1.13 million.

Meanwhile, buyback activity slowed after rising for three straight weeks - 19 companies posted 55 repurchases worth S$14.7 million. The number…