Yangzijiang, OCBC, and Nanofilm Tech top buyback consideration tally for January

26 primary-listed stocks bought back their shares for a total consideration of $52.9m.

Leading the buyback consideration tally in January 2022 were Yangzijiang, OCBC, and Nanofilm Tech.

Yangzijiang bought back 10 million shares at an average price of $1.28 per share over two sessions in January. The preceding nine buybacks between November and December 2021 allowed the group to buy back 0.9% of its issued shares. 

OCBC and Nanofilm Tech, meanwhile, had average share prices of $12.30 and $3.45, respectively. 

Overall, 26 primary-listed stocks bought back their shares for a total consideration of $52.9m. The recorded value is lower on a monthly basis when compared to December 2021’s $216.4m, whilst higher on a yearly basis than the $30m in January 2020. 

Of the $896.1m in total market capitalisation for all stocks listed on SGX at the end of the month, $659.9b was represented by primary-listed stocks. 

The total consideration also amounted to 0.008% of the total market value. 

In the same month, the Straits Time Index gained 4% to 3,249.59, and was also ranked as APAC’s most defensive stock benchmark for the month. The FTSE APAC Index, meanwhile, declined 3.9% in Singapore dollars.