INSPUR DIGI ENT's stock price surged 5.90% during intraday trading on Thursday, reflecting positive investor sentiment following the company's recent share repurchase activity.

The company disclosed that it repurchased 118,000 ordinary shares on the previous day via on-market transactions on the Hong Kong Stock Exchange. The shares were acquired at prices ranging between HKD 2.45 and HKD 2.50, with an average consideration of HKD 2.49 per share and a total outlay of HKD 0.29 million.

These repurchased shares have been moved to treasury and are earmarked for future employee equity incentive plans. Such buyback programs are often viewed as a signal of management's confidence in the company's future prospects and can contribute to enhanced shareholder value through the reduction of shares available in the market.