On August 4, LUXSHARE ICT (02475.HK) rose 3.49% in regular trading, trading at 56.3 HKD/share with turnover of 5.5935 million HKD, rebounding notably from the prior session's close of 53.85 HKD.

On the news front, Goldman Sachs Group increased its holdings of LUXSHARE ICT H shares by 2.6049 million shares on July 28 at approximately 58.36 HKD per share, spending a total of 152 million HKD, raising its stake to 17.47%. This follows a prior increase on July 17 of 2.7543 million shares at 56.15 HKD. Meanwhile, the company disclosed that as of July 31 it had cumulatively repurchased 17.6654 million A shares at a total cost of approximately 1 billion RMB, with buyback prices ranging from 50.14 to 65.00 RMB per share. The repurchased shares are intended for future equity incentive plans or employee stock ownership plans.

The stock had previously come under pressure after BNY Mellon sharply reduced its H-share position by over 30.44 million shares on July 21, and the stock remained below its IPO price of 63.28 HKD. The combination of institutional accumulation by Goldman Sachs and ongoing corporate buybacks has provided a stabilizing signal for near-term sentiment.

(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.)