On June 3, ZTE Corporation rose 3.47% in regular trading, trading at HK$28.04/share, with trading volume of HK$80.63 million. The stock extended its recent rebound driven by the company's ongoing share repurchase program and broader communications equipment sector strength.

On the news front, ZTE continued advancing its buyback plan, spending RMB 3.48 million on June 2 to repurchase 100,000 A-shares. This follows the company's initial large-scale repurchase on May 27, when it deployed RMB 670 million to buy back approximately 19.26 million A-shares at prices between RMB 34.44 and RMB 34.98 per share, fulfilling its RMB 1.0–1.2 billion buyback commitment. The sustained buyback activity continues to bolster market confidence. Additionally, the company announced a proposed final dividend of RMB 0.411 per share, pending shareholder approval on June 17, further reinforcing return expectations.

Within the Communications Equipment sector, YOFC rose 7.73%, Trigiant gained 6.34%, and CIG advanced 3.57%, indicating broad sector tailwinds supporting the stock.

(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.)