Chart of the Day: SGX share buybacks surged 400% in March

Check out the stocks with the highest consideration.

For the first two months of 2015, there were a total of 141,231,410 shares repurchased by 35 stocks, with a total consideration of S$139.1 million.

According to SGX, the total consideration was S$97.2 million in January, and S$ 41.9 million in February. As for the month of March, there were a total of 176,045,162 shares repurchased by 31 stocks, with a total consideration of S$164.8 million.

Over the first quarter, there were a total of 317,276,572 shares repurchased by 47 stocks, with a total consideration of S$303.9 million. The total consideration for the period this year is more than double that of last year, which saw a total of 50,919,522 shares purchased with a total consideration of S$142.1 million.

The five stocks with the largest consideration in buybacks over the first quarter this year were Singapore Technologies Engineering, Oversea-Chinese Banking Corporation, Genting Singapore PLC, Golden Agri-Resources and SATS. These five stocks made up more than 60% of the total consideration in share buybacks during the period.