BEIJING, June 25 (Xinhua) -- Overall 1,600 A-share companies bought back an all-time-high 96.428 billion yuan of A-shares in the past days of this year by Monday, reported Xinhua-run China Securities Journal on Tuesday.
Since the beginning of this year, 1,900-plus A-share companies announced their share repurchase plans by June 24 and 1,603 of them executed their plans with 96.428 billion yuan of expenditures.
The figure, which already exceeded the comparable annual aggregate of 2023 at 91.415 billion yuan, is a positive signal to convey corporate optimism about their business prospects and boost market confidence.
Zhang Qiyao, chief strategist with Industrial Securities said that alongside optimization of related policies since the end of last year, it took merely less than six months for A-share companies to buy back shares in excess of the annual figure of 2023 in terms of value.
Among all the A-share companies concerned, 11 firms each repurchased A-shares of more than 900 million yuan and 23 firms each bought back over 500 million yuan of their A-shares in this year by Monday.
Market players said A-share buybacks are gradually contributing to bolstering market confidence, maintaining corporate investment value and enriching the investor return mechanisms at present.
Under the current circumstances when high-quality development of capital market and share returns are highlighted on and on, investors are advised to pay at the suitable time more attention to A-share repurchase, Zhang said.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
A single purchase
