35 Companies Buy Back Shares in Sept, as STI Rebounded 1.4%
In September, 35 stocks repurchased 32 million shares for a total consideration of S$94 million. The buyback consideration has brought the total consideration over the first nine months of 2018 to SS$1.3 billion, which is three times the total buyback consideration in 2017. The 35 stocks included seven STI constituents - DBS, OCBC, CDL, SGX, Sembcorp Industries, UOB & SATS. Buybacks by these seven stocks made up as much as S$80 million, or 85%, of the S$94 million in consideration.