Buying by directors up for 2nd week

THE buying by directors rose for the second straight week based on filings on Singapore Exchange from Nov 7 to 11, with 12 companies that recorded 28 purchases worth S$1 million. The figures were sharply up from the previous week's six firms, 11 purchases and S$0.19 million. Meanwhile, sellers returned last week with one company that recorded two disposals worth S$0.12 million.

Aside from directors, the buyback activity surged after falling for two straight weeks with nine companies that posted 36 repurchases worth S$20.54 million. The figures were sharply up from the previous week's three firms, 10 trades and S$1.27 million.

The bulk of the significant trades last week were purchases with buybacks in StarHub, Singapore Exchange and UOL Group, and insider buys in Ryobi Kiso Holdings,…