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SGX records $25m in share buybacks last week

See the top five stocks with largest consideration amount.

For the second week of the month from 5 to 9 January, there were a total of 19,995,000 shares repurchased by 16 stocks with a total consideration of $24.5m.

According to the SGX, the five stocks with the largest consideration amount in buybacks last week were Singapore Technologies Engineering, OCBC, Hyflux, SATS and Biosensors International Group.

Share buybacks are a process where a share issuer repurchases some of its outstanding shares from shareholders through open market transactions.

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