Singapore Exchange (SGX) listed companies are carrying out their third consecutive day of share buybacks amid the global market meltdown that started on Monday after Trump’s reciprocal tariffs.
DBS Group Holdings purchased 700,000 shares between $36.88 and $37.86 for a total cost of $26 million on Apr 9. The bank purchased 1 million shares for $39.1 million and 500,000 shares for a price of $19.108 million on Monday and Tuesday respectively.
United Overseas Bank (UOB) purchased 100,000 shares between $30.71 and $31.83 for a total consideration of $3.12 million on Apr 9. The bank paid between $32.01 and $33.67 to buy back 100,000 shares for a total cost of $3.24 million the day before.
Yangzijiang Shipbuilding purchased an additional 1 million shares for $1.85 per share at a total cost of $1.851 million on Apr 9. On Apr 8, it bought 3 million shares for a price of $5.713 million, and the day before it purchased 2 million shares, for $3.75 million.
ComfortDelGro acquired 115,200 shares for $1.37 per share at a total cost of $158,030 on Apr 9.
Venture Corporation purchased an additional 10,000 shares for $10.41 per share at a total consideration of $104,196.10 on Apr 9. The company bought back 15,000 shares for a cost of $161,660 on Apr 8.
See also: Singapore directors, CEOs, companies continue share buybacks amid global stock market shake up
CapitaLand Investment purchased 3 million shares between $2.43 and $2.44 for a total consideration of $7.3 million on Apr 9. It bought back 12,000 shares for a total amount of $29,816 at a price of $2.48 per share on Apr 8.
The Straits Times Index closed 2.18% down at 3,393 on Apr 9.
