Movement Alert|Jiufang Zhitou Holdings Rises 6.57% in Regular Trading, Intensive Share Buybacks Continue to Bolster Market Confidence

Market Focus
Jun 25

On June 25, Jiufang Zhitou Holdings rose 6.57% in regular trading, trading at HKD 28.5 per share, with turnover of approximately HKD 53.98 million.

On the news front, the company has been conducting intensive share buybacks in recent sessions. On June 24, the company repurchased 95,000 shares for approximately HKD 2.57 million at prices between HKD 26.48 and HKD 27.36. On June 23, it repurchased 73,500 shares for approximately HKD 2.02 million. Earlier, on June 18, the company repurchased 201,300 shares for HKD 5.22 million. The cumulative buyback amount for the year has exceeded HKD 110 million. On June 18, shareholders approved a new buyback mandate authorizing the repurchase of up to 46,408,470 shares, signaling management confidence in the company's intrinsic value. Following an 11.32% single-day decline on June 18, the sustained buyback program has provided bottom support, and the stock has entered a recovery phase in recent sessions.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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