Directors' share purchases rebound

THE buying rebounded sharply while the selling among directors was flat based on filings on the Singapore Exchange in the last week of May. A total of 22 companies recorded 45 purchases worth S$5.83 million versus four firms with seven disposals worth S$0.92 million. The buy figures were sharply up from the previous week's 15 companies, 24 purchases and S$3.98 million. On the selling side, the number of firms and trades were unchanged from the previous week while the sell value was sharply down from the previous week's disposals worth S$7.42 million.

While the buying by directors rose last week, the buyback activity fell with 13 companies that posted 45 repurchases worth S$27.9 million. The number of firms and trades were down from the previous week's 17 companies and 54 repurchases. The value, however, was sharply up from the previous week's buybacks worth S$19 million.

The huge buyback value was mainly due to DBS Group with repurchases worth S$18.3 million last week.