Buying by directors up for 2nd week

THE buying by directors rose for the second straight week based on filings on Singapore Exchange from Nov 7 to 11, with 12 companies that recorded 28 purchases worth S$1 million. The figures were sharply up from the previous week's six firms, 11 purchases and S$0.19 million. Meanwhile, sellers returned last week with one company that recorded two disposals worth S$0.12 million.

Aside from directors, the buyback activity surged after falling for two straight weeks with nine companies that posted 36 repurchases worth S$20.54 million. The figures were sharply up from the previous week's three firms, 10 trades and S$1.27 million.

The bulk of the significant trades last week were purchases with buybacks in StarHub, Singapore Exchange and UOL Group, and insider buys in Ryobi Kiso Holdings, ISR Capital, First Reit, Avi-Tech Electronics and Sunningdale Tech.