Share buybacks in May hit nine-month high
39.1 million shares worth S$123.1 million were repurchased by 24 companies last month
Singapore
SHARE buybacks reached a nine-month high in May, almost three times April's figure, as the benchmark Straits Times Index (STI) had a month to forget.
A total of 39.1 million shares worth S$123.1 million were repurchased by 24 companies in May, compared with April's amount of S$36 million. Last month's figure was less than the S$135 million firms dished out in May 2018.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
US: Wall St opens sharply higher on soft jobs data
HSBC has no plans to dispose of further businesses, chairman says
Glencore Group nears deal for Shell’s Singapore oil refinery
Chinese share of French EV market slumps after incentives curbed
ARA H-Trust Q1 net property income up marginally to US$6.4 million
JPMorgan unveils IndexGPT in next Wall Street bid to tap AI boom