HSBC Holdings ( (GB:HSBA) ) has shared an update.
HSBC Holdings plc announced the purchase and cancellation of 198,000 of its ordinary shares from Merrill Lynch International as part of its ongoing share buy-back program. This transaction, conducted on the Hong Kong Stock Exchange, is part of a larger buy-back initiative that has seen the company repurchase over 178 million shares, reflecting a strategic move to enhance shareholder value and optimize capital structure.
More about HSBC Holdings
HSBC Holdings plc is a global banking and financial services organization headquartered in London, United Kingdom. It operates in various markets worldwide, offering a wide range of financial products and services, including personal, commercial, and investment banking, as well as wealth management.
YTD Price Performance: 1.91%
Average Trading Volume: 30,252,344
Technical Sentiment Signal: Sell
Current Market Cap: £141.4B
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