Movement Alert|Montage Technology Rises 4.92% in Regular Trading, Share Buyback Cancellation Completed Amid Semiconductor Sector Rebound

Market Focus
Jul 09

On July 9, Montage Technology (06809.HK) rose 4.92% in regular trading, trading at 340.8 HKD/share, with turnover of HKD 143 million.

On the news front, the company officially completed its second share buyback program on July 8, cancelling 1.662 million A-shares with a total buyback expenditure of approximately RMB 220 million. The cancellation reduced total share capital accordingly, enhancing per-share equity. Additionally, UBS Group recently increased its holdings by 181,840 H-shares at a price of approximately HKD 461.89 per share, signaling institutional confidence.

Within the Semiconductor sector, the overall industry rebounded following a deep correction in the prior session. Among sector peers, GigaDevice rose 7.7%, SMIC rose 2.04%, and Biren Technology rose 1.52%, reflecting broad-based capital inflows after the previous pullback.

(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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