Chart of the day: Share buybacks in March hit $53.5m

This was two-thirds higher than the buyback consideration of $31.9m filed in February 2019.

This chart from SGX showed that the total share buyback consideration in March totaled $53.5m, where there were 27 SGX-listed stocks that reported buybacks of their SGX-listings over the month, buying back a total of 49.8 million in shares or units.

This was two-thirds higher than the buyback consideration of $31.9m filed in February 2019.

In March, the Straits Times Index (STI) generated the thinnest of marginal gains, moving from 3,212.69 at the end of February, to 3,212.88 at the end of March. Dividends boosted the total return of the STI to 0.3% for March, bringing the total return for the last quarter to 5.1%.

Singapore’s Mid Cap stocks continued to be amongst the best performers in March within the FTSE ST Index Series as it gained 2.2% in March. The FTSE ST Mid Cap Index generated a total return of 11.8% in Q1 2019.