Share buybacks in third quarter triple from Q2
Spike attributed to sharp drop in global stock markets during the quarter
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Singapore
THE past quarter has accounted for almost two-thirds of Singapore-listed firms' share buybacks so far this year, according to the latest Singapore Exchange (SGX) data, and analysts say the final three months of 2015 could also see an equally elevated figure as global equity markets stagger from one downer to another.
Companies bought back 713.8 million shares worth S$1.07 billion in July through September, bringing the year-to-date total up to S$1.73 billion, the bourse said in an SGX My Gateway report on Monday.
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