On May 26, Novosense (02676) rose 5.22% in regular trading, trading at HK$215.0/share, with trading volume of HK$42.74 million.
On the news front, the semiconductor sector staged a strong rebound today, with major peers posting significant gains — HUA HONG SEMI up 10.53%, SMIC up 8.7%, and GIGADEVICE up 5.4% — creating a pronounced sector-wide resonance effect that lifted Novosense alongside its peers.
Fundamentally, the semiconductor industry price hike wave has recently spread to the power management IC segment, a core business area for Novosense. Additionally, the company's shareholder meeting previously approved a general authorization for H-share repurchases via special resolution, which is typically viewed as a signal that management considers the current share price undervalued. Multiple positive catalysts continue to support market sentiment toward the stock.
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