Oct's share buybacks shrink

Singapore

FIFTEEN listed companies repurchased more than 8.3 million shares in October for S$22.6 million; this was the lowest monthly buyback consideration since April this year.

According to data from SGX My Gateway investor portal, October's buyback consideration was down 33 per cent from the S$33.9 million in September, and down 13 per cent from about S$26 million year-on-year from October 2016.