ABB Ltd Share Buyback Program Continues
ABB Ltd, a Swiss multinational company, has continued its share buyback program announced in February. The program has resulted in the repurchase of 415,905 shares between August 14 and 20.
Share Repurchases
- Total shares repurchased: 415,905
- Repurchase period: August 14-20
The share buyback program is seen as a positive sign for investors, as it demonstrates the company’s commitment to returning value to its shareholders.
Market Sentiment
The overall market sentiment in Europe has been positive, with the STOXX 50 index closing 0.25% higher on Friday. The SMI, which includes ABB Ltd, also closed with a gain of 0.19% on the same day.
Market Index Performance
- STOXX 50 index: 0.25% gain on Friday
- SMI index: 0.19% gain on Friday