The buying fell for the second straight week while the selling among directors rose based on Singapore Exchange filings during the holiday ‐shortened week of March 25 to 28. A total of 11 companies recorded 23 purchases worth $2.2 million versus eight firms with 12 disposals worth $31.1million.

The number of companies and value on the buying side were sharply down from the previous week's five‐day totals of 16 firms and $7.5 million. The number of purchases, however, was consistent with the previous week's 29 acquisitions.On the negative side,the number of companies and trades were not far off from the previous week's eight firms and 13 disposals but the value was sharply up from the previous week's sales worth $6.5million.

There were several significant corporate shareholder trades on both the buying and selling side last week. On the positive side, Bund Center Investment bought back for the first time since listing in June 2010 after the stock rebounded by 22 per cent. On the directors' front, the chairman of Fragrance Group recorded his first purchase since August 2010 after the stock fell by 13 per cent.

Meanwhile, there were more insider buys in Tiger Airways Holdings, bumping up the number of directors that have bought shares this month to three. Aberdeen International Fund Managers acquired more shares of Bukit Sembawang Estates at a higher price which raised its stake to 8.37 per cent.

On the negative side, there were insider sales in Dairy Farm International and Zhongmin Baihui Retail Group. Aberdeen Asset Management ceased to be a substantial shareholder of CDL Hospitality Trusts.

Source: AmFraser