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Share buybacks in Jan-Feb 2015 reached $229.5m, up 500% YoY
Check out the stocks with the largest consideration.
For the first two months of 2015, there were a total of 141,231,410 shares repurchased by 35 stocks with a total consideration of S$229.5 million.
The total consideration was S$97.2 million in January, whereas the total consideration was S$132.3 million in February.
According to SGX, the five stocks with the largest consideration amount in buybacks for the first two months of 2015 were Technics Oil & Gas, Singapore Technologies Engineering, Genting Singapore PLC, Oversea-Chinese Banking Corporation and Hyflux.
In contrast, there were only a total of 33,771,522 shares repurchased by 25 stocks with a total consideration of S$43.1 million for the first two months of 2014. This registers an increase of more than five times in total consideration amount from 2014 to 2015 for the same period. The stock with the largest consideration amount in buybacks for this period last year was Sembcorp Marine with a total consideration of S$10.0 million.
For the last quarter of 2014, there were a total of 533,484,500 shares repurchased by 50 stocks with a total consideration of S$496.2 million.
The stock with the largest consideration amount in buybacks for this period was Genting Singapore PLC with a total consideration of S$170.5 million. Genting Singapore PLC is still among the largest in terms of total consideration amount for the period of January to February this year with a total consideration of S$16.8 million.
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