Buyback, director activity down again

DIRECTOR activity fell for the second straight week with only eight companies recording 13 transactions worth $4.9 million, based on Nov 4-8 filings on Singapore Exchange. The figures were down from the previous week's 17 firms, 30 trades and $5.5 million. Buyers outnumbered sellers with seven companies that posted nine purchases worth $3.3 million versus one firm with four disposals worth $1.57 million.

Besides directors, buyback activity fell for the second straight week with three companies that recorded six repurchases worth $258,000 - against the previous week's four firms, five trades and $463,000.

With the sharp drop in director activity last week, the bulk of the significant trades were by institutions with purchases in Forterra Trust and Yongnam Holdings and sales in Hutchison Port Trust, Global Logistic Properties and Boustead Singapore. There were some key director trades with purchases in Aspial Corporation and First Reit.