Movement Alert|KE Holdings Rises 3.1% in Regular Trading, Sustained High-Frequency Buybacks Combined with Shenzhen Housing Data Recovery

Market Focus07-08

On July 8, KE Holdings (W) rose 3.1% in regular trading, reaching HKD 39.96/share with turnover of approximately HKD 180 million, rebounding from a more than 4% decline in the prior session.

The move comes amid two supportive catalysts. First, the company has maintained aggressive share repurchases since receiving shareholder authorization on June 12, accumulating approximately 11.6 million shares bought back. Recent filings show daily purchases of roughly USD 5 million each on July 1, July 2, and July 6, with per-share prices ranging from USD 4.91 to USD 5.09. A June share change report confirmed total A-class shares outstanding decreased from 3.357 billion to 3.326 billion during the month.

Second, Shenzhen housing transaction data showed continued recovery momentum, with combined new and second-hand home transactions exceeding 67,000 units in the first half, representing a 2.2% year-over-year increase and 16% sequential growth, reinforcing positive expectations for the company's core brokerage business fundamentals.

(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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