OSIM, Hyflux, OCBC dominate buybacks

BUYING was flat and selling among directors remained low, according to Singapore Exchange filings in the first trading week of November. Buyers outnumbered sellers with 10 companies recording 21 purchases worth S$2 million versus two firms with four disposals worth S$236,000. The buy figures were not far off from the previous week's 12 companies, 22 purchases and S$2.5 million. On the selling side, the number of firms and trades were consistent with the previous week's one company and six disposals, but the sell value was sharply down from the previous week's S$6.4 million sales.

Buyback activity fell for the second straight week. Five firms posted 20 repurchases, compared with the previous week's seven companies and 28 trades. Despite the…