Director, buyback activity declines

THE director activity fell last week with 18 companies that recorded 30 transactions worth $5.5 million based on filings on Singapore Exchange from Oct 28 to Nov 1. The figures were down from the previous week's 19 firms, 50 trades and $9.5 million.

Buyers outweighed sellers with 14 companies that posted 25 purchases worth $4.8 million versus a paltry three firms with five disposals worth $768,000.

Aside from directors, the buyback activity fell last week with four firms that recorded five repurchases worth $463,000. The figures were down from the previous week's five companies, 17 trades and $1.57 million.