Share buybacks on the rise

Over the last few weeks, companies that have been buying back their shares included Berjaya Corp Bhd, IGB Bhd, Fajarbaru Builder Group Bhd, Ranhill Holdings Bhd, SEG International Bhd, Glomac Bhd, Tropicana Corp Bhd, Brem Holdings Bhd, Mitrajaya Holdings bHd and TRC Synergy Bhd.

PETALING JAYA: Share buybacks are on the rise among public-listed companies as they look to support the market price of their own companies amid the Covid-19 pandemic.

While dividends and capital appreciation may be one of the ways for a company to reward its shareholders, share buybacks can be another option, particularly when the company’s share price has dropped significantly.

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