Stock Track | MONTAGE TECH Soars 6.54% Intraday on Major Share Deposit and JPMorgan Stake Increase

Stock Track02-16

MONTAGE TECH's stock price surged 6.54% during Monday's intraday trading session, reflecting strong positive momentum.

The sharp rise follows recent corporate actions that may have boosted investor confidence. According to disclosures, a significant shareholder deposited shares worth approximately HK$1.8 billion with Huatai Hong Kong, representing about 13.04% of the company's equity. Additionally, JPMorgan Chase increased its stake in the company by purchasing over 1.13 million shares at a price of HK$177.6932 per share, involving roughly HK$201 million. This acquisition raised JPMorgan's total holding to about 13.07% of the company, signaling institutional bullishness.

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