SGX’s share buybacks reach $262.2m in December

Check out who made it big.

For the month of December, SGX calculated a total of 294,336,000 shares repurchased by 33 stocks with a total consideration of S$262.2 million.

According to SGX, the five stocks with the largest consideration amount in buybacks were Genting Singapore PLC, Keppel Corporation, Pacific Century Regional Developments, OCBC and SATS.

Share buybacks are a simple strategy that sees a share issuer repurchases some of its outstanding shares from shareholders through open market transactions.

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