Movement Alert|Kingdee International Rises 5.16% in Regular Trading, Institutional Accumulation and Ongoing Buybacks Boost Confidence

Market Focus06-24 09:36

On June 24, Kingdee International rose 5.16% in regular trading, trading at 6.53 HKD/share, with turnover of approximately 41.15 million HKD.

On the news front, the rally was driven by a combination of recent institutional accumulation and the company's sustained share repurchase program. On June 12, Fullgoal Fund Management increased its holdings in Kingdee International by 10.766 million shares at an average price of approximately 7.0246 HKD per share, involving a total consideration of roughly 75.63 million HKD. Following the transaction, Fullgoal's stake rose from 4.88% to 5.18%, with total holdings reaching approximately 183.81 million shares.

Meanwhile, the company has maintained an active buyback cadence. On June 22, Kingdee repurchased 1 million shares for 6.3 million HKD at 6.30 HKD per share, and on June 17 it repurchased 306,000 shares for approximately 2.0 million HKD. Since obtaining shareholder authorization on May 28, the company has cumulatively repurchased 11.7 million shares, representing 0.33% of issued share capital. The convergence of institutional buying and corporate buybacks has provided near-term price support.

(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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