Director buying edges up, buyback value rises

DIRECTORS were cautious on news of Brexit with only 18 companies recording 34 purchases worth S$1.12 million based on filings on the exchange from June 27 to July 1. The figures were slightly up from the previous week's 16 firms, 29 purchases and S$1.07 million. Sellers, on the other hand, were nowhere to be found with no sales by directors last week. The sellers' absence, however, was not surprising as there was only one firm that recorded one disposal worth S$0.09 million in the previous week.

Meanwhile, the buyback activity picked up last week with 24 companies posting 83 repurchases w…