Buying surges while sales remain low and buybacks fall

BUYING rebounded while the selling among directors remained low based on filings with the Singapore Exchange in the third week of April. A total of 15 companies recorded 37 purchases worth S$4.16 million versus two firms with three disposals worth S$0.23 million. The buy figures were up from the previous week's 13 companies, 28 purchases and S$1.16 million. The sales, on the other hand, were not far off from the previous week's four firms, five disposals and S$0.12 million.

While buying by directors rose last week, buyback activity fell with 12 companies posting 42 repurchases worth S$10 million. This was down from the previous week's 15 firms, 46 trades and S$29.2 million.

There were several significant corporate shareholder trades last week with buybacks in BreadTalk Group and insider buys and repurchases in Sarine Technologies.