Movement Alert|MONTAGE TECH Rises 3.81% in Regular Trading, Semiconductor Sector Rally Fuels Technical Rebound

Market Focus
Sep 18

On September 18, MONTAGE TECH rose 3.81% in regular trading, trading at HK$278.4/share, with turnover of approximately HK$98.89 million.

On the news front, the semiconductor sector rallied broadly, with GIGADEVICE up 4.54%, ILUVATAR COREX up 5.18%, HUA HONG GRACE up 3.27%, and BIREN TECH up 3.19%, generating strong sector-wide bullish sentiment that lifted individual stocks. The rebound follows a pullback on September 17, when shares dropped after JPMorgan sold approximately 208,200 shares off-exchange at an average price of HK$256.19 per share, totaling around HK$53.34 million, reducing its long position from 9.08% to 8.81%.

Meanwhile, the company has maintained a steady pace of A-share buybacks, repurchasing 100,000 shares on multiple consecutive trading days at prices ranging from approximately RMB 184 to RMB 200 per share, signaling management confidence and providing downside support.

(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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