Buying by directors gains momentum
Purchases climb to 111 worth HK$107.4 million as sales swell to 49 deals topping HK$103.7 million
Directors bought and sold more shares last week than the week before, with the volume of purchases seeing a particularly sharp increase.
Buying rose for the third consecutive week, with 21 companies recording 111 deals worth HK$107.4 million, compared with the previous week's 87 transactions worth HK$68 million.
Selling rose for the fourth consecutive week, with 13 companies posting 49 disposals worth HK$103.7 million, against the previous week's 12 firms and 40 deals valued at HK$57.8 million.
Buy-back activity was up for the third week, with 14 companies in 59 deals worth HK$107.8 million, compared with 11 firms making 37 trades worth HK$99 million in the previous week.
The heavy activity in the past two weeks pushed the buy-back total for last month to 23 companies, 131 trades and HK$221.6 million.
However, the figures were far below the 30 firms, 197 trades and HK$353.6 million in August last year and 31 companies, 297 trades and HK$1.03 billion in August 2011.