15 stocks buy back S$17m worth of shares

THE five trading sessions spanning Nov 10 to 16 saw the Straits Times Index (STI) decline 2.4 per cent, coinciding with similar declines across the region. The move brought the STI's dividend-inclusive return for 2017 (through to Nov 16) to 19.5 per cent, compared to an average 17.3 per cent return for the benchmarks of Japan, Hong Kong and Australia.

There were as many as 15 stocks that conducted share buybacks over the five sessions with a total consideration of S$17.1 million, up from S$1.0 million over the preceding five sessions.

The comparative higher number of stocks conducting buybacks coincided with the aforementioned pull-back in the STI.