On July 8, Bilibili-W (09626) rose 3.14% in regular trading, trading at 141.1 HKD/share, with turnover of HKD 121 million. The stock rebounded strongly from the previous session's 3.26% decline.
On the news front, the company's $300 million share buyback program continues to underpin market confidence. As of June 30, Bilibili had repurchased a total of 4.8 million listed securities at a cost of approximately $100 million over the first half of the year. Morgan Stanley previously noted that the buyback plan is expected to produce a positive stock price response, estimating over 80% probability of absolute price appreciation within 30 days. Additionally, Norges Bank disclosed on July 3 an increase in its holding by approximately 781,100 shares at an average price of HKD 137.33, bringing its stake to 7.04%.
The broader Interactive Media and Services sector exhibited strong gains, with Kuaishou-W up 6.08%, Baidu-SW up 4.97%, Meitu up 3.27%, and Tencent up 2.99%, providing sector-wide tailwinds.
(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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