Share buybacks down last week at S$65m

Singapore

SHARE buybacks slowed down to S$65 million for the week of Dec 15-19, compared to S$91 million the previous week, a market update from Singapore Exchange (SGX) said on Tuesday.

More than half of SGX buybacks by value last week was done by oil rig builder Keppel Corp after its shares had slumped from about S$11 in August to a three-year low of below S$8 last week. This is about a 30 per cent correction over a few months.