HK Stock Market Move | AIA (01299) rose more than 4% in early trading, completing the company's $12 billion share buyback plan.

AIA (01299) rose over 4% in the morning session, with a 4.06% increase to HKD 53.8 by the time of publication, with a trading volume of HKD 1.13 billion. On the news front, on February 12, AIA announced that the company has happily announced that it has completed a share buyback plan worth approximately USD 12 billion (approximately HKD 93.899 billion) by repurchasing a total of 1.409 billion shares of the company (accounting for 11.7% of the total number of shares issued by the company as of the announcement made on March 2022). The company remains committed to strict capital allocation and will evaluate future opportunities in accordance with its capital management policy to enhance shareholder value.