Chart of the Day: Buybacks skyrocketed 81.67% to $108.8m in November

DBS topped the buyback spree as its transaction hit $51.99m.

This chart from the Singapore Exchange (SGX) shows that total share buybacks in November climbed 81.67% MoM to $108.8m from $60m in October.

Singapore’s big three banks led the buyback spree, accounting for four-fifths or $88m of total buybacks for the month. DBS led the three with buybacks hitting $51.99m, followed by UOB ($22.40m), and OCBC ($13.31m).

Also read: Singapore's big banks are on a buying spree

Meanwhile, SATS and Keppel REIT also rounded up the top five biggest buybacks with transactions that totalled $5.59m and $4.67m, respectively.

On a YTD basis, total buyback consideration reached $1.45b which is more than three times the total buyback amount for 2017 that hit $426m.