Movement Alert｜ZTE Corporation Rises 3.6% in Regular Trading, Buyback Effect Continues as Communications Sector Rebounds

Market Focus

Jun 02

On June 2, ZTE Corporation (00763.HK) rose 3.6% in regular trading, trading at 26.48 HKD/share, with trading volume of 103 million HKD.

On the news front, the continued fermentation of ZTE's first A-share buyback is providing ongoing support. The company completed its inaugural repurchase on May 27, spending RMB 6.7 billion to buy back 19.259 million shares, fulfilling part of its previously announced RMB 10-12 billion buyback commitment. Additionally, the company announced a proposed final dividend of RMB 4.11 per 10 shares, pending approval at the June 17 shareholder meeting.

The stock had previously experienced consecutive pullbacks from May 29 through June 1 due to market concerns over a 5.31% year-over-year decline in R&D expenditure. Today's rebound comes alongside a broader recovery in the communications equipment sector, with industry peers Trigiant rising 6.91% and YOFC gaining 3.23%, creating positive sector linkage effects that supported ZTE's price 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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The company completed its inaugural repurchase on May 27, spending RMB 6.7 billion to buy back 19.259 million shares, fulfilling part of its previously announced RMB 10-12 billion buyback commitment. Additionally, the company announced a proposed final dividend of RMB 4.11 per 10 shares, pending approval at the June 17 shareholder meeting.</p><p>The stock had previously experienced consecutive pullbacks from May 29 through June 1 due to market concerns over a 5.31% year-over-year decline in R&D expenditure. Today's rebound comes alongside a broader recovery in the communications equipment sector, with industry peers Trigiant rising 6.91% and YOFC gaining 3.23%, creating positive sector linkage effects that supported ZTE's price recovery.</p><p>(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.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00763","symbol_name":"中兴通讯","start_time":0,"source_url":"","article_id":"1142450538","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1142450538","pubTimestamp":1780364954,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On June 2, ZTE Corporation (00763.HK) rose 3.6% in regular trading, trading at 26.48 HKD/share, with trading volume of 103 million HKD.On the news front, the continued fermentation of ZTE's first...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00763":"中兴通讯"},"translate_title":"动向提示|中兴通讯常规交易涨3.6%通信板块反弹回购效应持续","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00763":1},"content_text":"On June 2, ZTE Corporation (00763.HK) rose 3.6% in regular trading, trading at 26.48 HKD/share, with trading volume of 103 million HKD.On the news front, the continued fermentation of ZTE's first A-share buyback is providing ongoing support. 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