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BUZZ-HSBC's Hong Kong shares at over 11-year peak as co concludes $3 bln buyback plan

Reuters
Feb 12, 2025
BUZZ-HSBC's Hong Kong shares at over 11-year peak as co concludes $3 bln buyback plan

** Hong Kong-listed shares of HSBC Holdings Plc 0005.HK climb as much as 1.2% to HK$84.80, their highest since December 2013, and on course for a seventh straight session of gains, if current trend holds

** HSBC HSBA.L said it bought back 3.67 mln shares on February 11 at an average price of HK$83.5448 per share, concluding its $3 billion buy-back

** HSBC said it has repurchased for cancellation 185.76 mln shares on the UK venues and 130.62 mln shares on the Hong Kong Stock Exchange since the commencement of the buy-back, for a total of about $3 bln

** Hang Seng Finance Index .HSNF rises 2.3%, Hang Seng Index .HSI surges 2.5%

** HSBC's HK shares rose 23.2% last year

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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