Share buybacks in May hit nine-month high
39.1 million shares worth S$123.1 million were repurchased by 24 companies last month
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SHARE buybacks reached a nine-month high in May, almost three times April's figure, as the benchmark Straits Times Index (STI) had a month to forget.
A total of 39.1 million shares worth S$123.1 million were repurchased by 24 companies in May, compared with April's amount of S$36 million. Last month's figure was less than the S$135 million firms dished out in May 2018.
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