Nanofilm Technologies (MZH.SI) surged 3.57% during Tuesday's intraday trading session, as investors reacted positively to the company's recent share buyback activities.
The nanotechnology specialist repurchased approximately 426,000 shares for S$503,724 in July 2026, joining a broader wave of buybacks among Singapore-listed companies. Such repurchases often signal that management views the stock as undervalued and has confidence in the business outlook.
Nanofilm's latest business update showed a 24% year-on-year revenue increase to S$55 million in the first quarter of 2026, with gross profit margin rising to 39% and the group returning to profitability. The buyback, combined with improving fundamentals, appears to have bolstered market sentiment and driven the stock higher in today's session.