On June 29, Kingdee International rose 5.81% in regular trading, trading at 6.04 HKD/share, with turnover of approximately 45.89 million HKD.
On the news front, the company has conducted intensive share buybacks since late May, accumulating 27 repurchases year-to-date totaling approximately 272 million HKD. The most recent buyback occurred on June 25, when the company repurchased 400,000 shares at 5.91-5.92 HKD per share for approximately 2.37 million HKD. The stock had been under pressure following its removal from the Hang Seng Tech Index effective June 8, with passive fund outflows weighing on the share price.
The broader Application Software sector rallied today, with Horizon Robot-W up 13.02%, Marketingforce up 4.73%, and SenseTime-W up 2.34%, providing supportive momentum for Kingdee's oversold recovery. Additionally, institutional investors including BlackRock and Wells Fargo Fund have recently increased their holdings, signaling confidence in the company's long-term prospects as it accelerates its AI transformation strategy.
(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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