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 down from the previous week's purchases worth S$2.47 million. On the selling side, the number of companies and trades were consistent with the previous week's one firm and two disposals. The sell value, however, was sharply up from the previous week's sales worth S$0.042 million.

Aside from directors, the buyback activity rose for the second straight week with 14 companies that posted 62 repurchases worth S$31.5 million. The figures were up from the previous week's 12 firms, 33 trades and S$12.6 million.