Shares of CCTC (06951) extended their rally, climbing more than 5% earlier in the session. As of the latest update, the stock was up 3.86% to HK$102.30, with a turnover of HK$17.5092 million.

On the news front, following price hikes by Murata and Yageo in July for MLCCs, Taiyo Yuden recently notified customers of a price increase for its MLCC products starting September this year. This marks the second price adjustment by Taiyo Yuden in 2024, though the specific increase was not disclosed. Samsung Electro-Mechanics has also decided to raise prices on all MLCC products by 30% effective September 1.

Notably, on the evening of July 30, CCTC announced a second share buyback plan, with proposed repurchase funds ranging from no less than 500 million yuan to no more than 1 billion yuan. The company had just disclosed its initial buyback plan on July 21, with total repurchase funds of no less than 450 million yuan and no more than 900 million yuan. In just over a week, CCTC completed its first buyback, with a total repurchase amount of 890 million yuan, covering 8.5473 million shares.