Director buying surges, selling stays low

THE buying surged for the second straight week while the selling among directors was low for the third straight week based on filings on the exchange in the third week of May. A total of 23 companies recorded 56 purchases worth S$1.47 million versus one firm with one disposal worth S$3.95 million. The number of companies and trades on the buying side were sharply up from the previous week's 13 firms and 27 acquisitions.

The buy value, however, was dow…