SGX share buybacks reached $22.4m last week
Find out the top 5 companies.
Share buybacks is a simplistic strategy that sees a share issuer repurchases some of its outstanding shares from shareholders through open market transactions.
For the second week of the month from 10 to 14 November, there were a total of 15,619,000 shares repurchased by 12 stocks with a total consideration of S$22.4 million.
According to SGX, this followed on from five companies repurchasing 4,186,000 shares with a total consideration of S$9.1 million in the preceding week.
The five stocks with the largest consideration amount in buybacks last week were Genting Singapore PLC, OCBC, OSIM International, Sembcorp Industries and Lian Beng Group.