On June 23, Akeso rose 3.44% in regular trading, trading at HK$86.1/share, with turnover of HK$135 million. On the news front, the stock approached its 52-week low of HK$82.85 in the previous session, triggering a technical oversold rebound supported by corporate buyback measures and a maintained bullish broker rating.
The company's board previously approved a share repurchase plan of up to HK$200 million, along with management share purchases of up to HK$50 million combined. Xingye Securities issued a research report maintaining its Buy rating, citing the ivonescimab HARMONi-6 overall survival data as a milestone achievement, projecting the drug could generate over US$15 billion in revenue by 2033. The stock had fallen more than 30% from its post-ASCO peak following sustained profit-taking after the positive OS results were announced on June 1. The convergence of industrial capital support, technical oversold conditions, and fundamental reaffirmation jointly triggered the current rebound.
(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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