More News
MARKETS & INVESTING | Staff Reporter, Singapore

Listed firms splurged $81m in share buybacks in January

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. 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.