Values of director buying, selling rise

THE buying rose for the first time in the past three weeks while the selling among directors rebounded based on filings on the Singapore Exchange during the holiday-shortened week of April 10 to April 13. Buyers outweighed sellers with 14 companies that recorded 45 purchases worth S$48 million versus one firm with three disposals worth S$1.88 million.

The number of firms on the buying side was consistent with the previous week's five-day total of 17 firms while the number of trades and value were up from the previous week's 38 purchases worth S$2.2 million. On the selling side, the number of companies was down from the previous week's three firms while the number of trades was unchanged. The sell value, however, was sharply up from the previous week's disposals worth S$0.8 million.

While the buying by directors rose last week, the buyback activity was lower with six companies that posted 14 repurchases worth S$6.46 million. The figures were sharply down from the previous week's nine firms, 21 trades and S$8.6 million.