Buying rebounds, selling falls, buyback activity remains flat

BUYING rebounded while selling among directors fell based on filings on Singapore Exchange from June 29 to July 3. A total of 22 companies recorded 47 purchases worth S$2.49 million versus a paltry two firms with three disposals worth S$0.23 million. The buy figures were up from the previous week's 18 companies, 29 purchases and S$1.86 million.

The surge in buying last week was not surprising as directors have bought heavily in five out of the past six weeks. The sales, on the other hand, were down from the previous week's four firms, seven disposals …