, Singapore

Yangzijiang, OCBC, and Nanofilm Tech top buyback consideration tally for January

26 primary-listed stocks bought back their shares for a total consideration of $52.9m.

Leading the buyback consideration tally in January 2022 were Yangzijiang, OCBC, and Nanofilm Tech.

Yangzijiang bought back 10 million shares at an average price of $1.28 per share over two sessions in January. The preceding nine buybacks between November and December 2021 allowed the group to buy back 0.9% of its issued shares. 

OCBC and Nanofilm Tech, meanwhile, had average share prices of $12.30 and $3.45, respectively. 

Overall, 26 primary-listed stocks bought back their shares for a total consideration of $52.9m. The recorded value is lower on a monthly basis when compared to December 2021’s $216.4m, whilst higher on a yearly basis than the $30m in January 2020. 

Of the $896.1m in total market capitalisation for all stocks listed on SGX at the end of the month, $659.9b was represented by primary-listed stocks. 

The total consideration also amounted to 0.008% of the total market value. 

In the same month, the Straits Time Index gained 4% to 3,249.59, and was also ranked as APAC’s most defensive stock benchmark for the month. The FTSE APAC Index, meanwhile, declined 3.9% in Singapore dollars.

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!