Buying rises for a second straight week; selling flat

THE buying rose for the second straight week while the selling among directors was flat based on filings on Singapore Exchange (SGX) in the fourth week of February. A total of 17 companies recorded 35 purchases worth S$6.76 million versus one firm with three disposals worth S$1.13 million.

The buy figures were up from the previous week's 16 companies, 30 purchases and S$6 million. The sales, on the other hand, were not far off from the previous week's one firm, one disposal and S$0.072 million.

Meanwhile, the buyback activity rose for the third straight week with 23 companies that posted 67 repurchases worth S$13.1 million. The number of firms and trades were sharply up from the previous week's 17 companies and 54 transactions. The value, however, was down from the previous week's turnover of S$19 million.