On June 12, Sigen Energy rose 3.04% in regular trading, trading at HK$385.2/share, with turnover of HK$21.4 million. The stock rebounded after falling from HK$427.6 to HK$356.0 over the prior week.

On the news front, the Electrical Components and Equipment sector staged a broad recovery, with SUN.KING TECH up 6.49%, ZHAOWEI up 5.73%, and JLMAG up 4.69%, reversing the sector-wide selling pressure that had weighed on Sigen Energy in preceding sessions. Additionally, the company recently proposed a general mandate to repurchase up to 10% of its issued H shares, equivalent to approximately 14.18 million shares, subject to shareholder approval at its annual general meeting on June 29. This buyback authorization may provide further downside support as the market continues to absorb selling pressure from the 2.036 million new H shares issued under the over-allotment option at HK$324.20 per share following the end of the stabilization period on May 13.

(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.)