Movement Alert|Lingyi iTech Rises 3.83% in Regular Trading, Electronic Components Sector Recovery and Buyback Support Lift Share Price

Market Focus
9 hours ago

On July 3, Lingyi iTech rose 3.83% in regular trading, trading at HK$10.28/share, with turnover of HK$83.83 million.

On the news front, the electronic components sector saw a broad recovery following a sharp selloff in the prior session. Within the sector, KB Laminates gained 2.33%, Sunny Optical rose 2.03%, Lens Technology climbed 2.17%, and other peers posted widespread rebounds. The sector-wide rebound provided a favorable backdrop for Lingyi iTech's rebound.

Additionally, the company disclosed buyback progress on July 2, revealing that as of June 30, it had cumulatively repurchased 22.20 million shares for a total of RMB 311 million, with purchase prices ranging between RMB 13.68 and RMB 14.43 per share. With the H-share price hovering near its IPO price of HK$10.18, the ongoing buyback program is seen as providing a floor of support near current levels.

(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.)

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