Business · Markets · 2 hrs ago

Listed firms’ treasury-stock transactions rose more than fivefold

Listed firms’ treasury-stock transactions rose more than fivefold

South Korean listed companies reported about 101.9 trillion won in treasury-stock transactions from January through October.

The total includes companies’ reported acquisitions and sales of their own shares.

It was up 467.33% from the same period last year, when the amount was about 18 trillion won.

Samsung Electronics and SK hynix accounted for 80% of this year’s total.

The Korea Exchange counted about 100.6 trillion won on the main KOSPI market and 1.5 trillion won on the KOSDAQ market.

The figures show that reported transactions rose sharply, but no reason for the increase or next steps were given.

1 source

Related