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Share buybacks tumble as STI hits new highs in market rally

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Singapore

THE stock market rally that has driven the Straits Times Index (STI) to fresh highs this year has meant that share buybacks in July slid not only year-on-year but also quarter-on-quarter.

In July, a total of 23.2 million units were repurchased by 17 companies for S$26.7

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