April share buybacks on SGX halve from March peak

Singapore

SHARE buybacks in April almost halved from the 30-month-high registered in March, as the benchmark Straits Times Index (STI) ticked up.

Some 39.8 million shares worth S$116.8 million were repurchased by 22 companies in April, compared with S$221.8 million in March.

The S$116.8 million figure was, however, still much higher than the S$19 million in share buybacks in April last year, said bourse operator Singapore Exchange (SGX) i…