HK Stock Market Move | AIA (01299) fell more than 5% during trading hours. The stock saw several large transactions involving a total amount exceeding 26.7 billion Hong Kong dollars.

AIA (01299) fell more than 5% during the trading day, and as of the time of writing, it has fallen by 4.35% to 69.2 Hong Kong dollars, with a turnover of 28.118 billion Hong Kong dollars. On the news front, AIA saw 4 large transactions in the market today, involving approximately 394 million shares, with an average transaction price of 68 Hong Kong dollars per share, representing a discount of about 6.01% compared to the previous day's closing price, with a total amount of 26.819 billion Hong Kong dollars. In addition, data shows that AIA has conducted 77 share buybacks so far this year, repurchasing a total of 260 million shares, with a cumulative buyback amount of approximately 15.49 billion Hong Kong dollars. It is worth noting that on July 2nd, news from the Hong Kong market showed that Fortitude Group received over 37 times oversubscription in the retail portion of its initial public offering in Hong Kong. Fortitude Group is an insurance technology company dedicated to providing digital insurance services in the Asian region. The issue price and final fundraising size have not been announced yet, but the oversubscription reflects market recognition of its business model.