Buying among directors rises, selling stays flat
THE buying among directors rose for the first time in the past six weeks while the selling was flat based on filings on Singapore Exchange (SGX) during the holiday-shortened week of Aug 8 to 12. Buyers outweighed sellers with six companies that recorded nine purchases worth S$1.07 million versus three firms with five disposals worth S$0.52 million.
The number of companies and trades on the buying side were not far off from the previous week's five-day totals of six firms and eight acquisitions. The buy value, however, was sharply up from the previous week's purchases worth S$0.22 million. The sales, on the other hand, were consistent with the previous week's four companies, eight disposals and S$1.42 million.
While the buying by directors rose last week, the buyback activity fell for the sixth straight week with 12 companies that posted 22 repurchases worth S$3.17 million. The number of firms was up from the previous week's nine companies but the number of trades and value were sharply down from the previous week's 31 repurchases worth S$18.4 million.
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