Share buybacks – An excellent defensive tool in a weak market


AS October 2018 ended, the FBM KLCI closed lower by 4.9%. Malaysia’s performance is still commendable as it is only below that of India’s Sensex Index, which is higher by 1.1%, the Nikkei 225’s 3.7% decline and the Bangkok’s SET fall of 4.8% year-to-date.

Other markets in the region have performed relatively much worse with losses ranging from as low as 7.9% for the Taiwan Stock Exchange Weighted Index to as high as 31.9% for the Shenzhen’s Composite Index.

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Business , Pankaj Kumar

   

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