AFIC Updates Market on Ongoing On-Market Share Buy-Back Activity

Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) has issued an announcement.

Australian Foundation Investment Company Limited, a major Australian listed investment company trading under the AFI ticker, focuses on building a diversified portfolio of domestic equities to deliver long-term returns and income to its shareholders. Its ordinary fully paid shares are widely held by investors seeking exposure to the Australian stock market.

The company has provided an updated notification of its on-market share buy-back program, reporting that it has repurchased a total of 5,230,549 ordinary shares before the previous trading day and a further 366,427 shares on the previous day. This ongoing daily buy-back activity, formally updated to the market as of 9 March 2026, indicates continued capital management efforts that can support earnings per share and potentially enhance value for existing shareholders.

The most recent analyst rating on (AU:AFI) stock is a Buy with a A$8.50 price target. To see the full list of analyst forecasts on Australian Foundation Investment Co. Ltd. stock, see the AU:AFI Stock Forecast page.

More about Australian Foundation Investment Co. Ltd.

Australian Foundation Investment Company Limited is a listed investment company on the ASX, trading under the code AFI. It invests in a diversified portfolio of Australian equities, providing shareholders with exposure to a broad range of listed companies and targeting long-term capital growth and steady dividends in the Australian market.

YTD Price Performance: -2.17%

Average Trading Volume: 530,919

Technical Sentiment Signal: Buy

See more insights into AFI stock on TipRanks’ Stock Analysis page.