On July 15, Geek+ (02590.HK) rose 5.53% in regular trading, trading at HK$10.25/share, with turnover of HK$204 million.

On the news front, the company executed its largest single-day share buyback since listing on July 14, spending approximately HK$19.45 million to repurchase 2 million shares at an average price of HK$9.73. Since the lock-up expiry on July 9, the company has conducted intensive daily buybacks, accumulating 10.1 million repurchased shares. The buyback program, announced in late June, authorizes up to HK$2 billion in open-market repurchases over 24 months. Combined with major shareholders' commitment not to reduce holdings, the sustained buyback activity signals management's conviction that current prices significantly undervalue the company's intrinsic worth.

Following consecutive sessions of post-lock-up selling pressure that drove shares to 52-week lows, the aggressive repurchase pace appears to have absorbed near-term supply, providing a technical floor for the stock's recovery.

(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.)