Buying by directors high, no sales

THE buying by directors was high during the holiday-shortened week of June 2-5 with 22 companies recording 40 purchases worth S$6.6 million. The figures were not far off from the previous week's five-day totals of 22 firms, 45 purchases and S$5.83 million.

The heavy buying was more pronounced as there were no sales by directors last week which was a steep drop from the already low four companies, seven disposals and S$0.92 million in the previous week.

Aside from directors, the buyback activity was high in the first week of June with 16 companies that posted 43 repurchases worth S$38.8 million. The number of firms and value were up from the previous week's 13 companies and S$28.6 million. The number of trades, on the other hand, was only three shy from the 46 repurchases in the previous week.