This follows the global market rout which saw a US$10 trillion market wipeout over fears of Trump’s tariffs.

Directors and CEOs of Singapore-listed companies have taken turns to buy back shares in their company via market transactions, following the global stock market plunge on Apr 7. 

The 8.5% drop in the Straits Times Index (STI) on April 7 triggered share buybacks among SGX-listed companies on the same day. DBS Group paid between $36.31 to $40.32 each to buy back 1 million shares, spending $39.1 million.

Yangzijiang Shipbuilding paid between $1.85 to $1.9 for 2 million shares, or $3.75 million in total. 

Likewise, the head honchos of a few SGX-listed companies are too in the fray. 

The founder and CEO of UMS Integration, Andy Luong, purchased 199,800 shares for a total amount of $184,815 through market transaction on Apr 7. This brings his stake to 15.36% of the total percentage of ordinary shares, up from the 15.34% previously. 

Centurion Corporation’s non-executive director Han Seng Juan, bought 250,000 ordinary shares for $1.04 per share for $260,000 on Apr 7. Han, who owns a 50% shareholding interest in the company, now has 55.714% of the total percentage of ordinary shares. 

Similarly, former foreign minister George Yeo purchased 130,000 shares in Wilmar International F34 on Apr 8 for a total cost of $394,700, bringing his total stake in the company to 0.015%. Yeo is an independent director of Wilmar. 

On Apr 8, the share buybacks continued among few listed companies in Singapore. DBS Group Holdings bought over 3 million shares for a price of $19.108 million at a price between $37.86 and $38.53. DBS closed 3.259% down at $38 on Apr 8. 

United Overseas Bank (UOB) paid between $32.01 and $33.67 to buy back 4 million shares for a total cost of $3.24 million. UOB closed 3.310% down at $32.13 on Apr 8. 

Yangzijiang Shipbuilding bought 6 million shares for a price of $5.713 million, at a price between $1.90 and $1.91. Yangzijiang closed 1.042% down at $1.90 on Apr 8. 

CapitaLand Investment bought back 100 million shares for a total amount of $29,816 at a price of $2.48 per share. CapitaLand Investment closed 2.058% up at $2.48 on Apr 8. 

Venture Corporation bought back 2.5 million shares for a total of $161,660 and $10.76 per share. Venture Corporation V03 closed 0.276% higher at $10.91 on Apr 8.

Outside of the STI, companies that bought back shares on April 8 include offshore and marine player Seatrium, which paid an average of $1.7248 for 1.15 million shares; coffeeshop operator Kimly 1d0, which paid 30.493 cents each for 304,000 shares and developer Oxley Holdings 5ux, which paid 6.4 cents each for 295,000 shares.