Slowdown in buying and selling activity

THE buying fell for the second straight week while the selling among directors remained low based on filings on the Singapore Exchange from July 21 to 25. Buyers outweighed sellers with eight companies that recorded 21 purchases worth S$1.57 million versus four firms with nine disposals worth S$0.63 million. The buy figures were down from the previous week's 12 companies, 27 purchases, and S$1.9 million. On the selling side, the number of firms and trades were not far off from the previous week's five companies and five disposals. The sell value, however, was sharply down from the previous week's S$4.2 million.

Although buyers outnumbered the sellers, the bulk of the significant director trades last week were disposals with sales in Hiap Hoe, Sky One Holdings, and M1 Ltd. On the positive front, a director of Pacific Radiance resumed buying after the stock rose by 35 per cent. Meanwhile, there were key institutional purchases in Biosensors International, Fortune Reit and Mapletree Commercial Trust.

Hiap Hoe