Shares of Nation Media Group fell on Monday and on Tuesday’s session after rallying by more than 57% last week driven by recent news that it will consider a buyback of up to 10% of its ordinary shares, subject to regulatory and investors’ approval.
On Monday the counter closed by about 5% lower and fell by 9.83% on Tuesday’s early trading session according to real-time data from Hisa App.
Buybacks are used by companies for diverse reasons such as; to boost investor confidence in a company, buy undervalued stocks, and…
