VSTECS Holdings Limited's stock price surged 5.17% during intraday trading on Wednesday.

The sharp gain followed the disclosure that the company's Chairman and Chief Executive Officer, Li Jialin, significantly increased his ownership. Exchange data showed he purchased 2.09 million shares at HK$8.62 per share, representing a total investment of approximately HK$18 million. This transaction raises his total stake to about 456 million shares, or 31.77% of the issued share capital.

Substantial insider buying by a company's top executive is frequently viewed by investors as a strong signal of management's confidence in the firm's future trajectory, which can trigger positive market sentiment and buying activity.