SGX’s share buybacks reached $29.2m

Up from last year’s $24.7m.

For the second week of the month (6 to 10 April), there were a total of 51,898,423 shares repurchased by 15 stocks, with a total consideration of S$ 29.2 million.

In a release, SGX says that this was an increase from the second week of April last year, which saw a total of 6,504,000 shares purchased by five stocks with a total consideration of S$ 24.7 million.

In the month to date, there were a total of 55,342,378 shares repurchased by 16 stocks, with a total consideration of S$ 36.3 million. This is down from a consideration of S$ 48.3 million in the first two weeks of April last year.

The five stocks with the largest consideration in buybacks last week were Golden Agri-Resources, Oversea-Chinese Banking Corporation, OSIM International, United Overseas Bank and USP Group.