Movement Alert|BEKE-W Rises 3.98% in Regular Trading, Sustained High-Frequency Buybacks and Shenzhen Property Recovery Boost Sentiment

Market Focus07-29

On July 29, BEKE-W rose 3.98% in regular trading, trading at HK$44.0/share, with turnover of HK$22.363 million.

On the news front, the company has maintained high-frequency share repurchases on the NYSE throughout July. On July 27 alone, BEKE-W spent approximately US$3 million to buy back 554,337 shares at prices between US$5.36 and US$5.45 per share. Cumulatively, the company has repurchased approximately 22.77 million shares under its June 12 authorization of 346.24 million shares, representing 0.658% of total issued share capital.

Meanwhile, data from the Shenzhen Shell Research Institute indicated that July second-hand home contract signings rose 14% year-over-year, marking a six-year high for the same period, while bargaining margins have narrowed for seven consecutive months, signaling sustained fundamental improvement in the housing market.

(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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