XTB shares
climbed to an all-time high today (Tuesday), surging more than 4% as investors
responded positively to the company’s 10 million zlotys share buyback program
launched the previous evening.
XTB Shares Hit Record High
Following Share Buyback Announcement
The Poland-based
fintech broker saw its stock price reach 78.74 PLN during morning trading on
the Warsaw Stock Exchange (WSE: XTB), surpassing its
previous record of 78 PLN set in January. The latest rally represents a
significant 25% rebound from the 2025 low recorded in March.
The price
jump follows Monday’s announcement that XTB’s Management Board has initiated an
almost 10 million PLN share repurchase program authorized by shareholders at
the company’s Extraordinary General Meeting last November. The buyback, which
began on April 14, will continue until September 30, 2025, unless the allocated
funds are depleted earlier.
XTB plans
to acquire up to 95,248 of its own shares at prices ranging between 35.00 PLN
and 104.30 PLN per share, with a total budget not exceeding 9.93 million PLN.
The purchases will be conducted on the WSE through broker orders, including
block trades.
The
Management Board has committed to providing regular updates on the progress of
the share repurchase program.
According
to the company’s statement, the repurchase program aims to fulfill obligations
under XTB’s incentive plan. The company has engaged Trigon Dom Maklerski S.A.
to execute the buyback in accordance with European Union regulations and Polish
national legislation.
Bucking the Trend in
Volatile Markets
XTB’s recent
performance stands in contrast to its industry peers, who have struggled amid
the market volatility triggered by President Trump’s aggressive tariff
policies. While London-listed brokers saw
significant declines last week, XTB has demonstrated resilience.
The ongoing
trade
tensions between the United States and China have intensified in recent days.
Last week, Trump threatened to impose 50% tariffs on China starting April 9 if
China did not withdraw its 32% retaliatory tariffs. This escalation pushed the
VIX volatility index to around 32 points, reflecting heightened market
uncertainty.
However,
some relief came on Sunday when Trump announced tariff reductions on electronic
equipment. Consumer electronics such as smartphones and laptops will now face a
20% rate instead of the previously announced higher tariffs. Reports also
suggest that Trump may adjust semiconductor tariff rates later this week.
Moving back
to XTB, the company also announced a new crypto institutional offering this
week, reducing spreads by up to 60% and increasing exposure from 1 to 10
million EUR.
This article was written by Damian Chmiel at www.financemagnates.com.
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