Directors' buying dips, selling rises

BUYING fell while the selling among directors rose based on filings on the Exchange from Jan 20 to 24. Buyers outweighed sellers with nine companies that recorded 25 purchases worth $8.16 million versus four firms with nine disposals worth $0.59 million.

The number of companies and trades on the buying side were sharply down from the previous week's 14 firms and 34 purchases. The buy value, however, was sharply up from the previous week's acquisitions worth $3.95 million.

The huge buy value last week, however, was mainly due to purchases by executive director Henry Ng Han Kok in grit blasting, tank cleaning and shipbuilding firm See Hup Seng Ltd with 20.17 million shares purchased from Jan 20 to 23 worth $6.87 million. Mr Ng, who was appointed to the board on Jan 3, has acq…