SGX, 9 Mar 2015
Share buybacks are a process where a share issuer repurchases some of its outstanding shares from shareholders through open market transactions.
– For the first week of the month from 2 to 6 March, there were a total of 16,621,900 shares repurchased by 18 stocks with a total consideration of S$25.1 million. This is an increase from the first week of March last year, which saw a total of 4,375,000 shares purchased by 12 stocks with a total consideration of S$6.6 million.
– The five stocks with the largest consideration amount in buybacks were DBS, OCBC, Singapore Technologies Engineering, Pacific Century Regional Developments and Chip Eng Seng Corporation.