More directors buying in a weak market

A WEAK market has seen more directors buying: 20 companies recorded 56 purchases worth S$11.74 million based on filings on the Singapore Exchange in the second week of 2016. The number of firms was unchanged but the number of trades and value were sharply up from the previous week's 47 acquisitions worth S$4.94 million.

Selling also rose last week with four companies recording six disposals worth S$3.17 million. The number of firms and trades were sharply up from the previous week's one company and two disposals. The value, however, was down from the previous week's sales worth S$3.9 million.

Aside from directors, buyback activity remained high with 30 companies posting 98 repurchases worth S$29.2 million. The figures were consistent with the previous week's 29 firms, 95 trades and S$30.7 million.