On September 25, KUAISHOU-W fell 3.02% in regular trading, trading at HKD 29.58 per share, with turnover of approximately HKD 67.69 million. The decline was primarily driven by successive stake reductions by two major international institutions below the critical 5% ownership threshold, compounding broader sector weakness.

On the news front, BlackRock reduced its position by approximately 2.3737 million shares via an off-exchange transaction on September 21, lowering its long position from 5.04% to 4.98%. Earlier, JPMorgan sold approximately 1.921 million shares off-exchange on September 16 at an average price of HKD 29.6991, similarly reducing its stake from 5.03% to 4.98%. Both institutions breaching the 5% disclosure threshold in quick succession weighed heavily on market sentiment.

At the company level, KUAISHOU-W has maintained a high-frequency buyback program throughout September. On September 24, the company cancelled approximately 22.913 million previously repurchased B-class shares and bought back an additional 490,000 shares for approximately HKD 14.99 million. However, the buyback activity has been insufficient to offset the dual pressure from institutional selling and sector-wide softness. Within the Interactive Media and Services sector, peers also declined, with TENCENT down 1.09%, BIDU-W down 1.74%, BILIBILI-W down 1.37%, MEITU down 1.99%, and NEWBORNTOWN down 1.14%.

(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.)