Buying falls, selling up among directors

BUYING fell while the selling among directors rose based on filings on the Exchange during the holiday-shortened week of Oct 7 to 10. A total of 10 companies recorded 19 purchases worth S$7.06 million versus two firms with three disposals worth S$3.54 million. The buy figures were sharply down from the previous week's five-day total of 16 companies, 26 purchases and S$10.2 million. The sales, on the other hand, were up from the previous week's one firm, one disposal and S$0.20 million.

On the buyback side, a total of nine companies posted 18 repurchases worth S$16.3 million. The number of firms was consistent with the previous week's 10 companies while the value was up from the previous week's turnover of S$14.3 million. The number of trades, however, was sharply down from the previous week's 29 transactions. The bulk of the significant corporate shareholder trades last week was purchases with buybacks in Hyflux Ltd and OSIM International and insider buys in property plays United Industrial Corporation, TEE Land and…