Buying stays flat; selling resumes

THE buying among directors was flat for the third straight week while the selling resumed based on filings on the Singapore Exchange during the holiday-shortened week of May 12 to 16.

A total of nine companies recorded 18 purchases worth $9.67 million versus three firms with five disposals worth $10.15 million. The buy figures were not far off from the previous week's five-day totals of 10 companies, 17 purchases, and $10.55 million. There were no sales by directors in the previous week.

Aside from directors, the buyback activity was flat last week with eight companies that posted 16 repurchases worth $10.14 million. The figures were consistent with the previous week's six firms, 21 trades and $10.1 million.