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SGX-listed companies carry out third consecutive day of share buybacks

Nicole Lim
Nicole Lim • 2 min read
SGX-listed companies carry out third consecutive day of share buybacks
Blue chip stocks such as DBS, Yangzijiang Shipbuilding have been carrying out share buybacks since Monday when Trump announced reciprocal tariffs that shook global markets. Photo: Albert Chua/The Edge Singapore
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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. 

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