Delton Technology's stock surged 5.19% during intraday trading on Wednesday, following news of a significant stake increase by a major fund.

According to a filing with the Hong Kong Stock Exchange, Fortis Fund increased its holding in Delton Technology (Guangzhou) Inc. by 225,100 shares at approximately HK$147.80 per share, with a total consideration of around HK$33.27 million. This acquisition raises the fund's stake in the company to 7.04%.

The move by Fortis Fund is seen as a vote of confidence in Delton Technology, potentially driving investor optimism and contributing to the stock's upward momentum.