Australia's Helia Group jumps on stock buyback plan

Helia

10/05/2024 03:29

** Shares of Australia's Helia Group  HLI.AX  rise as much
as 6.9% to A$3.96, highest since April 30
        ** Stock posts biggest intraday gain since March 4
  
    ** The mortgage insurer sets A$100 mln ($66 mln) share
buy-back that would reduce total issued shares by around 10%
    ** Stock has fallen 8.5% this year, as of last close
 
 ($1 = 1.5147 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))