Director buying rises, selling falls

THE buying rose while the selling among directors fell for the second straight week based on filings on the Exchange from Aug 11-15. A total of 15 companies recorded 27 purchases worth S$4.05 million versus one firm with one disposal worth S$0.10 million. The buy figures were up from the previous week's nine companies, 24 purchases, and S$2.86 million. The sales, on the other hand, were sharply down from the previous week's four firms, four disposals, and S$4.57 million.

While the buying by directors rose last week, the buyback activity fell with eight companies that posted 28 repurchases worth S$7.2 million. The figures were down from the previous week's seven firms, 38 trades, and S$16.1 million.

With the low sales by directors, the bulk of the significant trades last week were purchases with rare buys in GSH Corporation, Nordic Group, MTQ Corporation, and Manufacturing Integration Technology. Also positive was the chairman of Serial System as he resumed buying after the company released its first half results. On the buybacks side, there were significant repurchases in Sinjia Land and Xyec Holdings.