SGX buyback consideration zips past $1b in 2021 to reach three-year high

85 Singapore stocks made up this overall value.

The Singapore Exchange (SGX) announced that buyback consideration for 2021 reached a total of $1.19b.

This is the highest value reached since 2018’s $1.53b buyback consideration. 

85 primary-listed Singapore stocks contributed to this three-year high, with the total value representing 0.18% of the total market value of all principal stocks on SGX at the end of 2021.

Leading the buyback consideration tally were Oversea-Chinese Banking Corporation, CapitaLand Investment, Wilmar International, United Overseas Bank, and SGX. 

Of the $896.9b in total market capitalisation by the year’s end, $650.6b was represented by primary-listed stocks. 

Overall, the 20 primary-listed stocks with the highest buyback considerations took up 96% of the total consideration. Similarly, the same can also be said for 2020 with 94% of the entire consideration being made up by the 20 stocks. 

Making up the list are the aforementioned leaders, along with Yangzijiang Shipbuilding Holdings, Singapore Technologies Engineering, The Hour Glass, Nanofilm Technologies International, Wing Tai Holdings, Singapore Telecommunications, OUE, Sembcorp Industries, Keppel Corporation, Global Investments, Avarga, SIIC Environment Holdings, AEM Holdings, JAPFA, and Food Empire Holdings.