On July 2, Kingdee International rose 7.26% in regular trading, trading at HK$6.26/share, with turnover of approximately HK$93.65 million.
The rally was driven by the company's intensive share buyback campaign combined with broad-based strength in the application software sector. Kingdee has conducted 27 buybacks year-to-date, spending approximately HK$272 million in aggregate, with the most recent repurchase of 400,000 shares at HK$5.91-5.92 per share occurring on June 25. The stock had previously declined over 30% from its early June highs, and the current rebound exhibits technical recovery characteristics.
Sector tailwinds provided additional momentum, with Horizon Robotics-W up 5.15%, Marketingforce up 3.87%, and Unisound up 3.29%. Institutional interest remains supportive, with BlackRock adding 21.29 million shares in late May and Fuguo Fund increasing its position by 10.77 million shares in mid-June, while multiple brokerages maintain Buy ratings on the stock.
(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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