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SGX share buybacks reached $25m last week
It was a significant increase from last year’s $6.6m.
According to SGX, for the first week of the month from 2 to 6 March, there were a total of 16,621,900 shares repurchased by 18 stocks with a total consideration of S$25.1 million.
This is an increase from the first week of March last year, which saw a total of 4,375,000 shares purchased by 12 stocks with a total consideration of S$6.6 million.
SGX says that the five stocks with the largest consideration amount in buybacks were DBS Group Holdings, Oversea-Chinese Banking Corporation, Singapore Technologies Engineering, Pacific Century Regional Developments and Chip Eng Seng Corporation.
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