On July 29, WEICHAI POWER rose 3.17% in regular trading, trading at 31.82 HKD/share, with turnover of 365 million HKD. The gain comes as the controlling shareholder's share purchase plan provides price support following the previous session's sharp A-share correction.

On the news front, Weichai Holdings, the company's controlling shareholder holding approximately 16.46% of total shares, announced a plan to purchase between 200 million and 400 million yuan of the company's A-shares via Shenzhen Stock Exchange centralized bidding over a six-month period. The funding sources include a 360 million yuan special bank loan and self-owned funds. Weichai Holdings committed not to reduce its stake during the purchase period and statutory restriction period. The plan was disclosed on July 21, when A-shares surged 9.3%.

Within the Construction Machinery and Heavy Trucks sector, multiple peers also advanced, with CRRC up 5.83%, SANY HEAVY IND up 5.09%, SINOTRUK up 3.69%, and TIMES ELECTRIC up 2.76%, indicating broad sector 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.)