Buying by directors surges

THE buying surged while the selling among directors remained high based on filings on Singapore Exchange (SGX) during the holiday-shortened week of Oct 14-18. A total of 11 companies recorded 27 purchases worth $6.8 million versus five firms with 17 disposals worth $12.64 million. The number of trades and value on the buying side were up from the previous week's five-day totals of 24 purchases and $3.69 million. On the selling side, the number of trades was down from the previous week's 24 disposals but the value was up from the previous week's sales worth $9.6 million.

While the buying by directors rose last week, the buyback activity among listed firms plunged with only seven firms that posted 16 repurc…