Stock Track | MINISO Stock Soars 5.65% as Share Buyback Program Boosts Investor Sentiment

Stock Track10-21

Shares of MINISO Group Holding Limited (MNSO) surged 5.65% in the last 24 hours, driven by positive investor sentiment following the company's strategic share repurchase activities.

According to a recent update from the company, MINISO Group has been actively buying back its own shares from the open market between July and September 2024. This share repurchase program is often seen as a vote of confidence from the company in its long-term prospects and a belief that its stock is undervalued.

While the specific details of the buyback volume and value were not disclosed, the news of MINISO's share repurchases has likely boosted investor confidence, contributing to the stock's significant 5.65% gain over the past day.

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