Buying by insiders low for the first time in the past five weeks

INSIDER buying was low for the first time in the past five weeks with 10 companies that recorded 17 purchases worth S$0.91 million based on filings on the Singapore Exchange from Nov 28 to Dec 2. The figures were sharply down from the previous week's 16 firms, 28 purchases and S$4.56 million.

The selling, on the other hand, rose with two companies that recorded three disposals worth S$9.7 million. The figures were up from the previous week's one firm, two disposals and S$0.06 million.

Meanwhile, buyback activity fell slightly with 18 companies that made 47 repurchases worth S$2.31 million. The figures were down from the previous week's 19 firms, 52 trades and S$4.84 million.

There were several significant trades last week with buybacks by China Sunsine Chemical and CDW Holding. On the directors' side, there were rare insider buys in Croesus Retail Trust, Japan Foods and Halcyon Agri Corporation and rare disposals in Overseas Education and…