Share buybacks more than treble as firms exude confidence in themselves

Singapore

CORPORATE share buybacks more than tripled last year, as Singapore-listed companies exuded confidence in their prospects despite a broad market pullback.

In 2018, 100 companies with primary listings in Singapore repurchased S$1.53 billion worth of their stock, according to a Singapore Exchange report on Friday. That's a jump from 2017, when the total buyback consideration was S$426 million.