HK-listed Weimob eyes best day in 6 months on share buyback hope

Weimob

22/07/2021 06:30

** Shares of cloud-based commerce and marketing solutions
provider Weimob Inc  2013.HK  surge 15.3% to HK$11.32, set for
their best day since Jan. 20 
    ** Stock up after seven straight sessions of decline;
second-biggest percentage gainer in the Hang Seng Tech Index
 .HSTECH  and third-biggest in the Hang Seng Composite Index
 .HSCI 
    ** Shanghai-based co says it will monitor market conditions
and consider an appropriate opportunity to repurchase shares in
the open market (https://bit.ly/3eJB9Oe)
    ** Says its operations remain normal and co has full
confidence in its future development prospects
    ** The Hang Seng Tech Index  .HSTECH  surges 1.8%, and the
Hang Seng Composite Index  .HSCI  rises 1.5% 
    ** The Hang Seng China Enterprises Index  .HSCE  gains 1.5%
and the benchmark index  .HSI  climbs 1.7%
    ** As of last close, stock had fallen 29.6% this year

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))