Listed Firms' Stock Buybacks Shot Up 6-Fold In Nov

Share repurchases by listed companies sextupled on the month to 62.7 billion yen in November, according to data compiled by Nomura Securities Co.. The Nikkei Stock Average's slide that month, to just shy of falling below 9,000, is believed to have compelled some firms to buy back their shares to underpin prices. A total of 119 companies announced buybacks in November, 32 more than in October.