Keppel, OCBC lead wave of share buybacks amid bear market

SINGAPORE – The stock market may be in the figurative doghouse but that has not stopped a massive wave of share buybacks by companies and even some institutional investors who see compelling value emerging after a six-month bear market.

Singapore Exchange data shows that companies instigated almost $1 billion worth of share buybacks in the first six months of this year, compared with $1.2 billion in all of 2021.