Bulk of acquisitions done on sharp price falls

THE buying was flat while the selling among directors was low for the fifth straight week based on filings on Singapore Exchange in the first week of December.

A total of 15 companies recorded 27 purchases worth S$3.95 million versus three firms with three disposals worth S$4.1 million. The buy figures were consistent with the previous week's 16 companies, 30 purchases and S$3.68 million.

On the selling side, the number of firms and trades were not far off from the previous week's two companies and two disposals. The value, however, was sharply up from the previous week's sales worth S$1.69 million.

While directors' buying was flat last week, buyback activity rose with 18 companies that posted 83 repurchases worth S$87…