Buying remains high, selling rebounds

THE buying among directors was high for the third straight week while the selling rebounded, based on filings on Singapore Exchange in the second week of June. A total of 26 companies recorded 61 purchases worth S$5.53 million versus four firms with six disposals worth S$1.38 million.

The number of companies and trades on the buying side were up from the previous week's four-day total of 22 firms and 40 purchases. The buy value, however, was down from the previous week's purchases worth S$6.6 million. On the negative side, there were no sales by directors in the previous week.

Meanwhile, the buyback activity fell last week with 15 companies that posted 45 repurchases worth S$50.3 million. The number of firms and trades were down from the previous week's four-day total of 17 companies and 46 trades. The value, however, was sharply up from the previous week's buybacks worth S$39.9 million.