Opinion | Eagle Nice and Xinyi bosses take lead in buying activity

The pace of buying among directors picked up sharply last week, while selling activity remained low for a second week, filings to the stock exchange show.

Fifteen companies recorded 67 purchases worth HK$141 million, against two firms with four disposals worth HK$750,000.

The buying figures increased from the previous week's 11 companies with 39 deals worth HK$24.7 million. Sales were down from three firms with five disposals worth HK$1.55 million.

Buy-back activity also rose last week, with six companies reporting 21 repurchases worth HK$14.6 million. The figures were up from three firms with eight trades worth HK$12.2 million.

The bulk of the significant insider trades were purchases, with two directors buying shares in Eagle Nice (International) Holdings. Meanwhile, the chairman of the Xinyi group of companies, Lee Yin-yee, was very active with purchases in Xinyi Solar Holdings and Xinyi Glass Holdings.

Eagle Nice's vice-chairman Chen Hsiao-ying and chairman and chief executive Chung Yuk-sing recorded their first on-market trades in the sportswear and garment manufacturer since August 2008 with a combined 1.97 million shares purchased from August 1 to 13 at an average of HK$1.28 each.