, Singapore

Share buybacks reach $29.3m for the 3rd week of March: SGX

Down from last year’s $36.8m.

For the third week of the month (16 to 20 March), there were a total of 26,789,044 shares repurchased by 20 stocks with a total consideration of S$29.3 million.

According to a media release by SGX, this was down from the third week of March last year, which saw a total of 4,106,000 shares purchased by 9 stocks with a total consideration of S$36.8 million.

The large amount of total consideration for the same period last year was due to buybacks done by DBS Group Holdings and Singapore Airlines, which are priced above S$15 and S$10 respectively. There were a total of 2,614,000 shares repurchased by the two stocks, with a total consideration of S$36.0 million, in the third week of March 2014.

In the month-to-date, there were a total of 87,334,744 shares repurchased by 30 stocks with a total consideration of S$108.2 million. This is up from a consideration of S$82.6 million in the first three weeks of March last year, and also significantly higher than the total consideration of S$41.9 million in February.

The five stocks with the largest consideration in buybacks month-to-date were Genting Singapore PLC, Singapore Technologies Engineering, Oversea-Chinese Banking Corporation, DBS Group Holdings and Wing Tai Holdings.
 

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