Movement Alert|Bilibili-W Rises 3.51% in Regular Trading, Norges Bank Increases Stake by Over HK$90 Million Boosting Market Confidence

Market Focus
Jun 11

On June 11, Bilibili-W rose 3.51% in regular trading, trading at HK$146.9 per share, with trading volume of approximately HK$75.95 million.

On the news front, filings disclosed by the Hong Kong Stock Exchange show that Norges Bank Investment Management acquired 625,280 shares of Bilibili-W on June 8 at an average price of HK$144.03 per share, totaling approximately HK$90.06 million. Following the purchase, Norges Bank's stake rose from 5.85% to 6.03%, holding approximately 20.84 million shares. The institutional accumulation signals strong conviction from one of the world's largest sovereign wealth funds.

Additionally, analyst consensus remains firmly bullish, with 10 investment banks issuing buy ratings over the past 90 days and setting a mean target price of HK$221.33, implying significant upside from the current level. The broader Interactive Media and Services sector also traded higher, with Kuaishou-W up 3.61%, Meitu up 3.80%, and Tencent up 1.59%, reflecting continued capital inflows into the internet platform space following the prior session's tech rally.

(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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