Director buying slows, buyback activity stays flat

THE buying by directors slowed after they posted heavy buys in the previous two weeks with 18 companies that recorded 34 purchases worth S$1.59 million based on filings on the Singapore Exchange from Sept 12 to Sept 16. The figures were down from the previous week's 21 firms, 46 purchases and S$4.14 million. Meanwhile, there were no sales by directors last week. The sellers' absence was not surprising as there was only one firm, one disposal and S$0.01 million worth of disposals in the previous week.

Meanwhile, the buyback activity was flat last week with 23 companies that posted 63 repurchases worth S$27.5 million. The numb…