Share buybacks in Jan shrink year-on-year

Singapore

LISTED companies in Singapore bought back about S$19.6 million worth of shares in January this year, higher than in December but lower than the roughly S$81 million worth recorded in January the previous year, the Singapore Exchange (SGX) said in a market update report on Wednesday.

The five top spenders on share buybacks last month were IT firm DeClout, water treatment engineer Citic Envirotech, media group Singapore Press Holdings, utilities conglomerate Sembcorp Industries and real estate firm Second Chance Properties.