Director trades up despite holiday-shortened week

DIRECTOR activity rose based on filings on the exchange during the holiday-shortened week of March 30 to April 2 with 16 companies that recorded 34 purchases worth S$9.6 million versus three firms with four disposals worth S$2.37 million. The number of firms and trades on the buying side were not far off from the previous week's five-day totals of 18 companies and 40 purchases. The buy value, on the other hand, was sharply up from the previous week's acquisitions worth S$3.1 million. On the negative side, the sales were up from the previous week's two firms, two disposals and S$0.19 million.

While the trading by directors rose last week, the buyback activity fell with only 11 companies that posted 43 repurchases worth S$16.5 million. The figures…