IGG (00799) saw its stock price soar by 5.35% in Friday's trading session, following the company's announcement of a significant share repurchase. The gaming company's shares experienced a notable uptick as investors reacted positively to the news.

According to a statement released by IGG, the company repurchased 3.62 million of its own shares on August 28, 2025, at a total cost of HK$15.9236 million. This move demonstrates the company's confidence in its own value and future prospects, which appears to have resonated well with the market.

Share repurchases are often viewed favorably by investors as they can lead to increased earnings per share and signal that the company believes its stock is undervalued. The substantial investment IGG has made in buying back its own shares seems to have sparked renewed interest from investors, contributing to the significant price increase observed in Friday's trading.