Share buybacks hit 3-month high in June

Singapore

SHARE buybacks hit a three-month high in June, with more Singapore-listed companies getting in on the game, according to the latest numbers from the bourse operator.

There was an increase in both the volume and value of buybacks last month. Some 33 stocks bought 74.6 million of their shares, for S$174 million in all - up from the 45.1 million shares, worth S$137.9 million, that 20 companies repurchased in May.