Buying retreats as sellers step in

THE buying plunged after heavy purchases for four straight weeks while the selling among directors rebounded based on filings on the Exchange in the fourth week of June. Although the buying fell and the selling picked up, buyers outweighed sellers with 18 companies that recorded 29 purchases worth S$1.86 million versus four firms with seven disposals worth S$0.83 million. The buy figures were sharply down from the previous week's 25 companies, 54 purchases and S$9.66 million. The sales, on the other hand, were up from the previous week's three firms, three disposals and S$0.51 million.

Aside from directors, the buyback activity plunged last week with 13 companies that posted 45 repurchases worth S$…