On June 24, Tencent Holdings rose 3.33% in regular trading, trading at 429.4 HKD/share with turnover of 77.51 billion HKD. The stock had closed down 1.64% the previous session, approaching its 52-week low near 420.4 HKD.

On the news front, the rebound is primarily supported by Tencent's persistent share repurchase program. Since restarting buybacks on May 18 following its Q1 earnings release, the company has maintained daily repurchases of approximately 500 million HKD for 25 consecutive trading days, accumulating 117.48 billion HKD in total buyback spending during this period. Year-to-date cumulative buybacks have reached 219.05 billion HKD. All repurchased shares are designated for cancellation.

Additionally, Tencent recently completed an approximately 4.5 billion USD equivalent offshore dual-currency bond issuance under its 30 billion USD global medium-term note program, attracting over 6 billion USD in oversubscription, reflecting strong institutional confidence in the company's credit profile. In the options market, call options concentrated at 450 HKD and 500 HKD strike prices saw active trading, suggesting optimistic upside expectations among certain market participants.

(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.)