Buying by directors flat, selling rises sharply

BUYING was flat while the selling among directors surged based on filings on the Singapore Exchange from April 11 to 15.

A total of 16 companies recorded 28 purchases worth S$0.94 million versus three firms with eight disposals worth S$0.93 million. The buy figures were slightly down from the previous week's 17 firms, 32 purchases and S$1.01 million. The sales, on the other hand, were sharply up from the previous week's one company, two disposals and S$0.20 million.

While the buying by directors was flat last week, the buyback activity plunged with only six firms that posted 11 repurchases worth S$5.37 million. The figures were sharply down from the previous week's 13 companies, 32 trades and S$7.7 million.