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.