On May 28, JD Logistics fell 3.23% in regular trading, trading at HK$12.89/share, with trading volume of approximately HK$27.54 million. The decline came amid broad-based weakness across the Air Freight & Logistics sector.
Within the sector, peers experienced widespread losses: J&T Express-W fell 0.56%, ZTO Express-W fell 1.99%, SF Holding fell 1.33%, SF Intra-City fell 3.03%, and Sinotrans fell 1.20%. The sector-wide selling pressure weighed heavily on JD Logistics shares.
Notably, the company has been conducting aggressive share buybacks since May 15, repurchasing a cumulative 9.27 million shares totaling HK$128 million over seven consecutive trading days. On May 27 alone, the company spent approximately HK$29.79 million to buy back 2.237 million shares at prices between HK$13.09 and HK$13.65. Despite these sustained efforts to support the stock, shares have declined approximately 10.57% since the buyback program intensified, suggesting persistent selling pressure continues to outweigh corporate support measures.
(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.)
Comments