Australia's SelfWealth rises on share buy-back

Selfwealth

16/04/2024 01:53

** Shares of SelfWealth  SWF.AX  rise as much as 3.7% to
A$0.140, set to see their best day since March 25 - if gains
hold 
    ** The flat fee brokerage service co announces a share
buy-back program, under which it may buy up to 10% of its shares
starting from May 10  
    ** Adds buy-back will be funded from co's existing cash
reserves 
    ** Around 701,900 shares change hands, 5.8 times compared
with the 30-day average volume of 120,522 shares 
    ** Stock has fallen ~18.2% this year as of last close

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))