Buying by directors, companies jumps
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THE buying surged for the second straight week while the selling among directors remained very low based on filings with the Singapore Exchange in the third week of August.
A total of 34 companies recorded 76 purchases worth S$7.65 million versus one firm with one disposal worth S$0.26 million. The buy figures were higher than the previous week's four-day totals of 20 companies, 40 purchases and S$3.1 million. The sales, however, were consistent with the previous week's two firms, two disposals and S$0.26 million.
Buyback activity also surged for the second straight week with 33 companies that posted 142 repurchases worth S$167 million. The figures were up from the previous week's 20 firms, 74 trades and S$145 million.
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