SG Banks Bought Back S$88 Million in Shares in November 2018
In November, 29 SGX-listed stocks repurchased 40 million shares for a total consideration of S$109 million. This was up from S$60 million in buyback consideration in October, and S$39 million in November 2017. The three banks - DBS, OCBC and UOB made up four-fifths or S$88 million of the S$109 million in total buyback consideration for November. Last week marked 50 years since the largest capitalised of the three, DBS, was quoted for trading on the stock market.