Muted response to Brexit

SINGAPORE-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 trad…