Genting Singapore and SATS lead share buybacks to four-week high of $33.3m

Singapore

SHAKING off the holiday slumber, share buybacks by listed firms continued to surge in the second week of January, hitting a four-week high of S$33.3 million.

Led by Genting Singapore and SATS, from Jan 12-16, 2015, a total of 41.22 million shares were repurchased by 15 companies, a Singapore Exchange update showed. Other firms with significant buybacks last week included Singapore Technologies Engineering, Hyflux and Biosensors International Group. Share buybacks in the last two weeks of December and the first week of January were S$10.2 million, S$12.4 million and S$24.5 million respectively.