Repurchases gain traction on bourses

Share buybacks by companies part of efforts to lift sentiment, prop up prices

Share repurchases surged in mainland stock markets with a sizable growth in the number of such transactions on an annual basis, data from information provider Wind Info showed on Friday.

According to data released on Friday, share purchases by companies in the A-share market totaled 29.51 billion yuan ($4.27 billion) year to date, far above last year's total of 8.3 billion yuan.