Tencent Holdings purchased 1.146 million shares on Thursday.
The total transaction value reached HK$501 million. Repurchase prices ranged from HK$429.6 to HK$443.4 per share. This marks the 30th consecutive trading day of buybacks for the Chinese tech giant. Total repurchases for the week have reached HK$2 billion.
Tencent stock (0700.HK) opened higher and rose 3% in early trading on July 2. The advance contributed to a broader rally among Hong Kong tech stocks. Large institutional funds recorded net inflows into the company. The options market reflects bullish sentiment following the sustained buyback program.