Movement Alert|JD Logistics Falls 3.46% in Regular Trading, Sector-Wide Weakness Drives Profit-Taking After Prior Session Gains

Market Focus06-03 10:01

On June 3, JD Logistics fell 3.46% in regular trading, trading at HKD 13.22/share, with trading volume of HKD 15.82 million. The stock gave back gains from the prior session, when it had risen over 3%.

The broader Air Freight & Logistics sector came under broad selling pressure. Among sector peers, SF Intra-City fell 4.99%, J&T Express fell 2.41%, Sinotrans fell 1.67%, SF Holding fell 1.0%, while ZTO Express edged up 0.45%.

On the news front, JD Logistics has been conducting continuous share buybacks since May 15. As of June 2, the company had cumulatively repurchased over 24 million shares, spending more than HKD 236 million. Notably, on May 29 the single-day buyback amount surged approximately threefold to HKD 96.59 million for 7.496 million shares. However, the sustained repurchase program has not prevented short-term price correction pressure, as sector headwinds and profit-taking following the prior two-day rally weighed 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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