On September 17, SINOPEC CORP fell 3.26% in regular trading, trading at HKD 4.48/share, with turnover of HKD 49.63 million. The decline follows the completion and cancellation of the company's A-share buyback program, which landed at the minimum end of its planned range.
On September 15, SINOPEC CORP cancelled approximately 104.26 million A-shares repurchased between June and August at a total cost of roughly RMB 5.00 billion, representing the floor of its RMB 5-10 billion buyback budget. The buyback, approved on June 15 and concluded on September 14, was intended to support company value and shareholder interests. Following the cancellation, A-share capital decreased from 97.14 billion shares to 97.04 billion shares, while H-share capital remained unchanged at 23.78 billion shares. The completion of the buyback removes a source of sustained purchasing support that had been in place for three months.
In the Integrated Oil & Gas sector, PETROCHINA also declined 1.89%, reflecting broader softness across the group.
(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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