Singapore, February 1, 2026, 15:13 SGT — Market closed
- Jardine Matheson ended at US$72.77 in Singapore, slipping 0.6%.
- Filings reveal a 60,000-share buyback on Jan. 30 alongside a director snapping up US$1.0 million worth of stock.
- Attention now turns to Monday’s reopening and the full-year results set for March 10.
Jardine Matheson shares slipped 0.6% to close at US$72.77 on the Singapore Exchange Friday, a slight drop that keeps the stock under the microscope before Monday’s market reopening. (Investing)
Two disclosures late in the week grabbed attention: the company pushed ahead with share buybacks, and a director snapped up stock on the open market. Both moves came as Singapore’s February reporting season kicks off, with investors hunting for any clear signals, however subtle.
A London Stock Exchange filing Friday revealed the group bought back 60,000 shares at a weighted average price near US$73.14, with prices ranging from roughly US$72.90 to US$73.82. The company confirmed these shares “will be cancelled,” cutting issued share capital to about 294.5 million shares. (TradingView)
A separate filing revealed director Lincoln Pan purchased 13,800 ordinary shares on the Singapore Exchange on Jan. 28, executing two trades at US$73.22 and US$72.89 each. The total value of the purchase came to roughly US$1.01 million. (TradingView)
Flows have reversed recently. SGX market strategist Geoff Howie noted that institutions were net sellers of Singapore shares across the five sessions ending Jan. 29, with Jardine Matheson seeing some of the largest outflows. Howie also pointed to a “seasonal reduction in buybacks” as firms gear up for a busy earnings season in February. (The Business Times)
The broader market dipped ahead of the weekend. Singapore’s Straits Times Index lost 0.51% on Friday, closing at 4,905.13, according to exchange data. This left some large-cap stocks trading erratically. (Yahoo Finance)
Jardine Matheson, incorporated in Bermuda, holds its main listing in London, the company states. It also maintains secondary listings in Bermuda and Singapore. (Jardine Matheson)
March 10 is the next key date for Jardine Matheson, set to release its full-year 2025 results. Investors will focus on dividend signals and whether the group maintains its aggressive stance on capital returns following the recent buyback and cancellations. (Jardine Matheson)
Buybacks and insider buying can’t always halt a stock’s decline. If institutions keep offloading shares or earnings and dividends disappoint, repurchase support often gets ignored by the market.
Traders will eye new repurchase disclosures as Singapore markets reopen Monday, gauging if the flow steadies with February reporting kicking off. Then, all focus shifts to the March 10 results—an unmistakable cutoff point.
