Movement Alert|CHOW TAI FOOK Rises 3.24% in Regular Trading on Chairman's Continued Share Purchases and Gold Price Recovery

Market Focus
Yesterday

On October 9, CHOW TAI FOOK rose 3.24% in regular trading, trading at HK$11.15, with Turnover of HK$139 million.

The stock gained after Hong Kong Stock Exchange disclosures showed Chairman Henry Cheng Kar-Shun increased his stake in the company on October 5, buying 181,000 shares at an average price of HK$10.789 each for a total consideration of approximately HK$1.95 million. This raised his total holdings to 30.55 million shares, representing a 0.31% stake.

The purchase marks the latest in a series of accumulations by the chairman since late September, with cumulative investment exceeding HK$50 million. Concurrently, domestic branded gold jewellery prices broadly rose on October 9, with CHOW TAI FOOK's listed gold price reaching RMB 1,255 per gram, up RMB 6 from the previous day. The combined effect of insider buying and firmer gold prices lent support to the share price.

(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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