Australia's SGH set for best week in seven months on $344.2 million buyback

SGH

26/06/2026 04:09

** Shares of Australia's SGH Ltd SGH.AX rise as much as 2.2% to A$46.840, their highest since March 2
** Stock has gained 6.8% so far this week, set for its biggest weekly gain since the week ended November 28, 2025
** Industrial conglomerate on Monday approved an on-market buy-back of up to A$500 million ($344.15 million) over the next 12 months 
** The buyback will commence on or about August 11
** SGH down 0.5% YTD
($1 = 1.4529 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)
 ((Keshav.singhchundawat@thomsonreuters.com))