Movement Alert|Montage Technology Rises 3.91% in Regular Trading, Share Buyback Cancellation Boosts Sentiment Amid Semiconductor Rebound

Market Focus
Jul 10

On July 10, Montage Technology rose 3.91% in regular trading, trading at 393.0 HKD/share, with turnover of HKD 228 million.

On the news front, the company completed its second share buyback scheme on July 8, repurchasing 1.662 million shares at a total cost of approximately RMB 220 million, with all shares subsequently cancelled. The cancellation reduced total share capital from 1,146,426,521 shares to 1,144,764,521 shares, enhancing per-share equity. Additionally, UBS Group recently increased its position by 181,800 H shares at HKD 461.89 per share, signaling institutional confidence in the company's long-term value.

Within the Semiconductor sector, the broader rebound continues. Among individual stocks, INNOSCIENCE up 3.73%, HUA HONG GRACE up 2.97%, SMIC up 2.69%, GIGADEVICE up 2.34%, while ILUVATAR COREX down 7.0%.

(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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