On May 28, AIA Group fell 3.26% in regular trading, trading at 81.0 HKD/share with trading volume of 11.83 billion HKD. The stock hit its lowest level since April, extending losses from the previous session.
The decline coincides with the stock's ex-dividend date on May 28, with a final dividend of 144.08 HK cents per share scheduled for payment on June 12. The dividend represents a 10% increase from the prior year. The mechanical ex-dividend adjustment accounts for a portion of the drop, with broader sector weakness contributing to additional downside pressure.
Despite the decline, the company has maintained an aggressive buyback program, repurchasing shares for 37 consecutive trading days since March 30, accumulating approximately 96.97 million shares worth 82.73 billion HKD. On May 27 alone, the company repurchased 5.355 million shares at prices between 83.15 and 85.05 HKD, spending approximately 452 million HKD. The board previously approved a new 17.43 billion USD buyback plan, citing robust financial resources and a commitment to disciplined capital management.
Within the Life and Health Insurance sector, all major peers declined: PING AN -1.09%, CHINA LIFE -1.46%, NCI -1.24%, CHINA TAIPING -1.85%, YUNFENG FIN -2.34%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)