Muted response to Brexit
Just 10 SGX-listed firms made 15 repurchases worth S$7.98m on Friday amid 2.09% drop in the market.
Add BT as a preferred sourceSINGAPORE-LISTED firms' response to Friday's Brexit selloff was tepid, with just 10 firms making 15 repurchases worth S$7.98 million. The buybacks following the 2.09 per cent drop in the market on that day were lower than the Monday-to- Thursday daily average of 11 companies and 16 trades. But the turnover on Friday was sharply higher than the S$4.14 million daily average earlier that week .
Overall, a total of 20 companies posted 78 repurchases worth S$24.5 million based on filings on the Singapore Exchange from June 20 to 24.
The number of firms and trades were not far off from the previous week's 19 companies and 85 transactions but the value was sharply down from the previous week's repurchases worth S$49.86 million.
Copyright SPH Media. All rights reserved.
