Banks led the pack.
Listed companies in Singapore spent $81 million to buy their own shares in January, according to data released by the SGX.
In the first month of the year, there were a total of 85,323,600 shares repurchased by 44 stocks, with a total consideration of S$80.9 million.
This compared to S$97.2 million in January 2015 and S$63.1 million in December 2015, which are 16.7% YoY decline and 28.2% MoM increase respectively.
The five stocks with the largest considerations in buybacks in the month of January 2016 were DBS Group Holdings, Oversea-Chinese Banking Corporation, Q & M Dental Group (Singapore), Silverlake Axis and Wing Tai Holdings.
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