Buying stays flat, selling falls

THE buying was flat for the second straight week while the selling among directors fell based on filings on the exchange from April 3 to 7. Buyers outweighed sellers with 17 companies that recorded 38 purchases worth S$2.17 million. The figures were consistent with the previous week's 16 firms, 38 purchases and S$1.71 million.

On the selling side, the number of companies and trades were sharply down from the previous week's six firms and eight disposals. The sell value, however, was sharply up from the previous week's disposals worth S$0.24 million.

Aside from directors, the buyback activity was flat for the second straight week with nine companies that posted 19 repurchases worth S$8.49 million. The number of firms and value were not far off from the previous week's eight companies and S$8.03 million. Trades, however, were sharply down from the previous week's 26 repurchases.