Shareholders' buying continues to rise as selling surges

Buying among directors rose for the second straight week while the selling surged based on filings on the Exchange from Sept 28 to Oct 2. Buyers outweighed sellers with 30 companies that recorded 59 purchases worth S$14.76 million versus 2 firms with 10 disposals worth S$7.71 million. The number of companies and value on the buying side were sharply up from the previous week's 4-day totals 20 firms and S$10.63 million. The number of purchases, on the other hand, was consistent with the previous week's 47 acquisitions. On the negative side, the sales were sharply up from the previous week's one firm, one disposal and S$0.092 million.

Meanwhile, buyback activity was high for the third straight week with 32 companies that posted 125 repurchases worth S$147.6 million. The number of firms and trades were consistent with the previous week's 31 companies and 119 transactions. Turnover, on the other hand, was sharpl…