Tencent Holdings is trading 3.49% up now at HK$445.00, driven by continued share buybacks.
- On September 21, the company disclosed another HK$101 million repurchase covering 235,000 shares at HK$423.20–HK$434.20 each.
- The buyback follows a HK$100 million repurchase disclosed on September 18 and appears to be supporting the rebound after five consecutive declines.
- Broader technology strength and constructive risk sentiment also provided support.