Trades by directors dive; buyers outweigh sellers

TRADES made by company directors plunged in the first week of November, according to filings on the Singapore Exchange. Only eight companies reported trading by directors. They involved 17 transactions worth S$1.45 million. The figures were sharply down from the previous week's 11 firms, 30 trades and S$2.22 million.

Buyers outweighed sellers with seven companies posting 16 purchases worth S$0.77 million, against one firm with one disposal worth S$0.68 million.

Buybacks also fell last week with only seven companies posting 13 repurchases worth S$9.0 million. These were down from the previous week's nine firms, 24 trades and S$10.5 million.

Yet there were several significant buyback and director trades last week, notably buybacks in Hyflux Limited and OCBC and insider buys in TEE International and its subsidiary T…