Singapore Banks Buy Back Shares

Mar 17, 2020Updated May 27, 20251 min read

Singapore banks were among 32 primary-listed stocks conducting share buybacks over the five sessions ended 12 March 12, with a total consideration of S$169.6 million.

DBS Group Holdings led the consideration tally, with 6.65 million shares bought back at an average price of S$21.272 per share, according to a report by the Singapore Stock Exchange (SGX).

As of March 12, the lender had bought back 0.5492 percent of its issued shares (excluding treasury shares) as of the approval date of the current buyback mandate.

For the five trading sessions spanning March 6 to 12, the Straits Times Index (STI) declined 11.3 percent with the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index averaging a 12.5 percent decline.

In the same period, UOB and OCBC bought back 360,000 and 600,000 shares respectively, amounting to S$7.8 million and S$5.7 million respectively.

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Mei Ling Tan

Contributor · RetailNews.asia

Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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