Buying surges for third straight week

THE buying surged for the third straight week while the selling among directors remained very low, based on filings on Singapore Exchange in the fourth week of August. A total of 50 companies recorded a whopping 122 purchases worth S$19.4 million, against one firm with two disposals worth S$0.834 million. The buy figures were sharply up from the previous week's 34 companies, 76 purchases and S$7.65 million. The sales, on the other hand, were consistent with the previous week's one firm, one disposal and S$0.26 million.

Meanwhile, the buyback activity remained high with 37 companies posting 137 repurchases worth S$126.9 million. …