Movement Alert|MONTAGE TECH Rises 3.38% in Regular Trading, Semiconductor Sector Rally and Continued Buyback Program Boost Sentiment

Market Focus08-04

On August 4, MONTAGE TECH rose 3.38% in regular trading, trading at HK$256.8/share, with turnover of HK$226 million.

On the news front, the broader semiconductor sector rallied significantly, with ILUVATAR COREX up 9.53%, BIREN TECH up 5.99%, HUA HONG GRACE up 5.05%, and GIGADEVICE up 3.96%, reflecting a clear recovery in sector sentiment. Concurrently, the company continued its A-share buyback program, repurchasing 205,000 shares on August 3 for approximately RMB 39.21 million. As of end-July, the company had cumulatively repurchased 705,000 shares totaling approximately RMB 144 million, signaling management commitment to supporting its market valuation.

Additionally, the company previously announced it was the first in the industry to commence trial production of CXL 3.2 memory expansion controller chips. Following a technical pullback in the prior session, today's movement represents a recovery rebound supported by both sector tailwinds and corporate buyback activity.

(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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