Stock Track | BUTONG GROUP Soars 8.91% Intraday on Heavy Southbound Capital Accumulation

Stock Track04-24

BUTONG GROUP's stock price surged 8.91% during intraday trading on Friday, marking a significant upward movement in the market.

The sharp rise is primarily attributed to aggressive buying by Southbound capital via the Stock Connect program. Data indicates that over the most recent five trading days, the Southbound shareholding ratio in BUTONG GROUP surged by a cumulative 7.09%, ranking second across the entire market. On a single-day basis, the shareholding ratio rose 1.54%, placing the stock third market-wide.

This intensive accumulation of shares by institutional investors through the Stock Connect channel has provided substantial upward momentum, driving the stock to outperform within its sector.

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