ASX:TLS in focus after Telstra scraps $1.25b buyback, shares up
Telstra cancelled 25.4 million shares after completing its A$1.25 billion on-market buy-back, reducing its share count to about 11.14 billion. Shares closed Wednesday at A$5.18, up 1.97%. The S&P/ASX 200 rose 0.57%. Investors are watching if the reduced share base will affect dividends and earnings per share.