Buying remains high, selling flat
THE buying was high for the fourth straight week while the selling among directors was flat based on filings on Singapore Exchange in the third week of September. A total of 19 companies recorded 46 purchases worth S$20.6 million versus two firms with three disposals worth S$5.96 million. The number of companies on the buying side was down from the previous week's 24 firms but the number of trades and value were sharply up from the previous week's 39 acquisitions worth S$5.47 million. On the selling side, the number of companies and trades were unchanged from the previous week. The sell value, however, was up from the previous week's disposals worth S$3.3 million.
Aside from directors, the buyback activity remained high with nine companies that posted 31 repurchases worth S$11.3 million. The number of firms and trades was down from the previous week's 13 companies and 44 transactions while the value was unchanged from the previous week. The bulk of the significant trades last week were purchases with buybacks in Ban Leong Technologies and insider buys in 800 Super Holdings, PACC Offshore Services, Edition, TMC Education, Oxley Holdings and UOL Group. On the selling side, there was a rare insider sale in ES Group after th…
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