Movement Alert｜J&T EXPRESS-W falls 3.48% in Regular Trading, buyback support outweighed by broader logistics sector weakness

Market Focus10-21

On October 21, J&T EXPRESS-W fell 3.48% in Regular Trading, trading at HK$8.885, with turnover of HK$130 million.

The most recent company-specific event was a disclosed share buyback on October 20, when J&T EXPRESS-W repurchased 3.385 million shares for about HK$31.30 million at HK$9.195 to HK$9.32 per share. The company said cumulative buybacks under its June 25 mandate had reached 114.179 million shares, equal to about 1.1802% of the issued share capital at the time the mandate was approved.

However, the latest market backdrop shows the Air Freight & Logistics group was broadly weak, limiting the near-term support from repurchases. Peer moves included ZTO EXPRESS-W falling 1.25%, JD LOGISTICS falling 2.24%, SF HOLDING falling 2.19%, SINOTRANS falling 1.27%, and SF INTRA-CITY falling 1.74%.

(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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