Buying stays flat, selling among directors rises

Published Sun, Jul 6, 2014 · 10:00 PM
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THE buying was flat for the second straight week while the selling among directors rose based on filings on the Exchange from June 30 to July 4. A total of 15 companies recorded 25 purchases worth $4.9 million versus seven firms with 16 disposals worth $6.3 million. The number of companies and trades on the buying side were consistent with the previous week's 16 firms and 26 purchases. The buy value, however, was nearly double the previous week's acquisitions worth $2.6 million. The sales, on the other hand, were up from the previous week's six companies, 13 disposals, and $0.74 million.

Meanwhile, the buyback activity fell with only seven firms that posted 21 repurchases worth $7.7 million. The figures were down from the previous week's nine companies, 34 trades, and $10.2 million.

The trading was spread across several sectors with buybacks in Singapore Airlines and Xyec Holdings and insider purchases in Dynamic Colours Limited, Singapore Shipping Corporation and China Yuanbang Property. On the selling side, there were insider sales in Haw Par Corporation, Chew's Group and Communication Design International.

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