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Keppel Corp buys back more shares amid stock price drop

Latest transaction is its biggest daily buyback in a week; total done since Dec 11 is 2.56m shares for S$20.87m

Falling oil prices have, in one month, wiped off nearly S$5.77 billion from the market capitalisation of SGX-listed offshore and marine companies


KEPPEL Corporation on Monday bought back more of its shares - its fourth and biggest daily share buyback in less than a week - on the heels of a sustained share price drop due to falling oil prices.

The total consideration for the latest purchase of one million shares was