Rare insider sale in Raffles Medical

THE buying rebounded while the selling among directors was flat last week based on filings on Singapore Exchange in the first week of March. Buyers outnumbered sellers with 23 companies that recorded 49 purchases worth $5 million versus five firms with six disposals worth $310,000.

The buy figures were sharply up from the previous week's nine companies, 17 purchases and $2.29 million. The sales, on the other hand, were not far off from the previous week's four firms, 11 disposals, and $240,000. Meanwhile, buyback activity remained high with 12 companies posting 35 repurchases worth $6.6 million. The number of firms was up from the previous week's 10 companies, while the number of trades and value were down from the previous week's 41 transactions worth $11.3 million.

With buyers dominating trading, the bulk of the significant trades were purchases last week with insider buys in Sinjia Land, Hong Fok Corporation, Ley Choon Group, Zagro Asia, See Hup Seng and JB Foods.