Index points to flat start to 2006

Directors were buying fewer shares in their own companies in recent weeks after prices across European stock markets rose to new highs, according to new results from a market sentiment index.

31st December, 2005

Directors were buying fewer shares in their own companies in recent weeks after prices across European stock markets rose to new highs, according to new results from a market sentiment index.

The Merrill Lynch index, which tracks buying and selling of shares by directors in their own companies, suggests that stock markets will be fairly flat through January and February.

The index has fallen to a modest 2:1 which indicates that only two directors across...

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