EC World Reit adds new substantial unitholder in US$40m deal

THE five trading sessions spanning Feb 2 to Feb 8 saw the Straits Times Index (STI) decline 3.7 per cent. This brought its 2018 total return through to Feb 8 to 0.5 per cent, compared to an average 1.0 per cent decline for the benchmarks of Japan, Hong Kong and Australia.

There were two stocks that conducted share buybacks over the past five sessions, with a total consideration of S$36.0 million, up from S$26.7 million over the preceding five sessions.

Like last week, the majority of the buyback consideration was contributed by Keppel Corporation. Although the current 12-month buyback mandate for Keppel Corp dates back to April 21, 2017, Keppel Corp only commenced acting on the mandate on Jan 26. The group has bought back 7.3 million shares over the two weeks.