Telco CEOs buy company counters; five stocks buy back shares as STI outperforms

FOR the month of February (through to Feb 22), the Straits Times Index (STI) was the most resilient of the regional majors, declining 1.2 per cent compared to an average decline of 3.7 per cent for the benchmarks of Japan, Hong Kong, Australia and the United States.

This also means that in SGD total returns terms, the STI has been the best YTD performer (through to Feb 22) of the aforementioned benchmarks, gaining 2.7 per cent compared to their average decline of 0.7 per cent.

There were six stocks that conducted share buybacks over the first four sessions of last week, with a total consideration of S$36.6 million. This included a handful of STI stocks - CapitaLand, Oversea-Chinese Banking Corp, United Overseas Bank, Singapore Exchange and SATS.