Purchases down, sales and buybacks go up

THERE was less buying and more selling among directors in the last week of February. Singapore Exchange filings in that week showed nine companies recording 17 purchases with a value of $2.29 million and four firms with 11 disposals worth $240,000. The buy figures were sharply lower than the previous week's 15 companies, 26 purchases and $8.76 million. Saleswere up from the previous week's three firms, three disposals and $220,000.

While the buying by directors fell, buyback activity rose for the second straight week with 10 companies that posted 41 repurchases worth $11.3 million. The figures were up from the previous week's nine firms, 30 trades and $5.3 million. Among the companies that bought...

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