Directors' purchases flat for second week running, sellers absent

THE buying among directors was flat for the second straight week while sellers were absent based on filings on the Singapore Exchange from May 5 to 9. A total of 10 companies recorded 17 insider purchases worth $10.6 million. The number of firms and trades were consistent with the previous week's four-day totals of eight companies and 15 purchases. The value, however, was sharply up from the previous week's acquisitions worth $3.6 million. On the negative side, the absence of sellers was not surprising as there was only one director sale in the previous week.

While the buying by directors remained flat last week, the buyback activity rose for the second straight week with six companies that post…