Insider buying dips after rising for 2 weeks

THE insider buying fell after rising for two straight weeks based on filings on the Singapore Exchange from March 6 to 10 with 16 companies that recorded 31 purchases worth S$1.38 million.

The figures were down from the previous week's 20 firms, 36 purchases and S$8.05 million.

On the selling side, sellers got back on track after posting no sales in the previous week with four companies that recorded seven disposals worth S$0.76 million.

Meanwhile, the buyback activity remained high with nine companies that posted 30 repurchases worth S$7.48 million. The figures were not far off from the previous week's 10 firms, 34 repurchases and S$9.65 million.

The buying activity by directors in property-related stocks was high last week with acquisitions in Hong Fok Cor…