BUZZ-AIA rises most in 17 months on new business value growth, share buyback

Reuters04-29

** Shares of insurer AIA Group rise 7.9% to HK$58.25, on track for the biggest one day pct rise since November 2022

** Stock hit the highest since March 19 and on course for sixth consecutive session of gains; top pct gainer in Hang Seng Index , Hang Seng Finance Index and Hang Seng Composite Index tracking financials stocks

** Hong Kong-based AIA on Monday posted a 31% rise in its first-quarter value of new business (VONB) on a constant exchange currency basis helped by strong performance across segments, and announced an additional $2 billion share buyback

** Hang Seng Composite Index tracking financials stocks

rises 1.3%, Hang Seng Finance Index surges 1.6% and Hang Seng Index adds 0.5%

** Stock down 15.7% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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