Purchases by company directors sharply lower as sales remain high

Buying of their own company shares by directors plunged last week, but sales remained high, based on filings made to the stock exchange for the second week of October.

Insider purchases were reported by 28 companies with 107 deals worth HK$32.5 million, compared with 15 companies that reported 90 disposals worth HK$65.8 million.

On the buying side, the number of companies and the value of the transactions were down from the previous week's 30 companies that reported HK$149.2 million in purchases; while the number of deals was slightly up from 89 previously.

via Business feed http://www.scmp.com/business/article/1061257/purchases-company-directors-sharply-lower-sales-remain-high