Directors' purchases drop but sales rise

THE buying fell for the first time in the past three weeks while the selling among directors rose based on filings on the Singapore Exchange in the first week of June. A total of 14 companies recorded 24 purchases worth $3.8 million versus eight firms with 14 disposals worth $1.9 million. The buy figures were down from the previous week's 16 companies, 29 purchases, and $4.65 million.

The sales, on the other hand, were up from the previous week's four firms, nine disposals, and $1.47 million.

While the buying by directors fell last week, the buyback activity rose with nine companies that posted 23 repurchases worth $12.6 million. The number of firms and value were up from the previous week's seven companies and $8.6 million. The number of transactions, on the other hand, was not far off from the previous week's 25 repurchases.