Director buying falls, selling stays low

BUYING fell for the second straight week while selling among directors remained low based on filings with the exchange from July 11 to 15. A total of eight companies recorded 17 purchases worth S$0.92 million versus two firms with two disposals worth S$1.24 million. The number of companies and trades on the buying side were down from the previous week's four-day total of 12 firms and 18 acquisitions. The buy value, however, was up from the previous week's purchases worth S$0.76 million. On the selling side, the number of companies and trades were not far off from the previous week's two firms and three disposals while the sell value was sharply down from the previous week's sales worth S$2.66 million.

Aside from directors, buyback activity fell for the second straight week with 18 companies that posted 54 repurchases worth S$20.62 million. The figures were not far off from the previous week's four-day total of 17 firms, 57 trades and S$20.63 million.

There were several significant corporate shareholder trades last week with initial buybacks by Tuan Sing Holdings and insider buys and repurchases in Soup Restaurant Group. Meanwhile, there were insider buys at Yamada Green Resources and sales at Abterra Ltd and Cityneon Holdings. On the funds' side, there were institutional shareholder buys in The Hour Glass Limited and Delfi Limited and sales in ARA Asset Management and Super Group.