HSBC Holdings ( (GB:HSBA) ) has shared an update.
HSBC Holdings plc announced the purchase and cancellation of 3.6 million of its ordinary shares as part of its ongoing buy-back program. This transaction, involving shares from both the UK and Hong Kong stock exchanges, is part of a larger effort that has seen the repurchase of over 159 million shares since February 2025. The buy-back is aimed at reducing the number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder value positively.
More about HSBC Holdings
HSBC Holdings plc is a global financial services company based in London, United Kingdom. It operates in the banking and financial services industry, offering a wide range of services including personal, commercial, and investment banking, as well as wealth management. HSBC is a major player in the global market, with a significant presence in both the UK and Hong Kong stock exchanges.
YTD Price Performance: -6.38%
Average Trading Volume: 28,618,156
Technical Sentiment Signal: Sell
Current Market Cap: £130.6B
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