HSBC Holdings Soars 3.19% on Aggressive Share Buybacks

Generated by AI AgentAinvest Movers Radar
Monday, May 12, 2025 6:12 am ET1min read

On May 12, 2025,

saw a significant rise of 3.19% in pre-market trading, indicating a strong start to the day's session.

HSBC Holdings has been actively engaged in share buybacks, which is a positive signal for investors. On May 9, 2025, the company repurchased a total of 453 million shares across various exchanges in London, including the London Stock Exchange, CBOE Europe – BXE, CBOE Europe – CXE, Turquoise, and Aquis. The total amount spent on these buybacks was 38.48 million pounds.

Additionally, on the same day, HSBC Holdings repurchased 300 million shares in Hong Kong, with a total expenditure of 2.62 billion Hong Kong dollars. This aggressive buyback strategy is likely to boost investor confidence and potentially drive the stock price higher.

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