DBS Group (SGX:D05) bought back and canceled 800,000 shares worth SG$34.9 million in the open market on Friday, according to a same-day filing with the Singapore Exchange.
The bank has been authorized to buy back around 85.3 million shares under its current mandate. To date, it has bought back 1.5 million shares.
Shares of the bank slumped nearly 10% in recent trading.