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Australia's Harvey Norman hits over 2-month high on share buyback extension

By Reuters News04:02 (UTC), 5 November 2026 Updated

** Shares of Harvey Norman Holdings HVN.AX rise as much as 4.6% to A$4.52, their highest since August 28

** Retailer extends on-market share buyback programme by a year to November 23, 2027

** Buyback allows repurchase of up to 10% of issued shares for about A$538.3 million ($377.29 million)

** Board says buyback remains an appropriate capital management strategy given recent share price performance

** Stock down 35.8% YTD, including moves in current session

($1 = 1.4267 Australian dollars)

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