Selling among directors up, buying flat

THE buying was flat while the selling among directors rose based on filings on the Singapore Exchange during the holiday-shortened week of March 21 to 24. A total of 12 companies recorded 25 purchases worth S$1.04 million versus three firms with four disposals worth S$0.396 million. The buy figures were consistent with the previous week's five-day totals of 13 companies, 30 purchases and S$0.91 million. The sales, on the other hand, were sharply up from the previous week's one firm, two disposals and S$0.13 million.

Meanwhile, the buyback activity plunged with only 11 companies that posted 27 repurchases worth S$11.62 million. The figures were sharply down from the previous week's 24 firms, 65 trades and S$21.77 million.

Despite the short trading week, there were several significant corporate shareholder trades with rare buybacks in Datapulse Technology and insider buys in Ezion Holdings, ISDN Holdings, Tai Sin Electric, Fragrance Group and Hotung Investment.