On June 15, J&T Express-W rose 3.06% in regular trading, trading at HK$8.89/share, with turnover of HK$91.79 million. The stock continues to recover from a sharp selloff triggered on June 11 when the National Post Bureau announced a formal investigation into the company over safety management deficiencies.

On the news front, the stock had plunged over 10% intraday on June 11, hitting a year-low of HK$7.54, after regulators cited repeated safety incidents and inadequate unified safety management across franchised operations. The company subsequently stated that the investigation would not have any material adverse impact on its business or financial condition, and established a dedicated task force to conduct comprehensive safety rectification.

Supporting the recovery, J&T Express has aggressively accelerated share buybacks, repurchasing approximately 19.27 million shares totaling over HK$163 million across June 10-12. The combination of management reassurance, active capital return, and oversold technical conditions appears to be driving the ongoing rebound from investigation lows.

(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.)