HK Stock Market Move | Alphamab-B(09966) rose over 7% in the afternoon, with the company announcing a buyback again, not exceeding a maximum of 30 million Hong Kong dollars.

ALPHAMAB-B (09966) rose more than 7% in the afternoon and was up 5.06% as of press time, trading at 10.18 Hong Kong dollars with a turnover of 18.5499 million Hong Kong dollars. On the news front, Kang Ning Jerry Pharmaceuticals announced earlier that the board of directors had decided on November 7th to occasionally repurchase the company's common shares from the open market, with a maximum amount of 30 million Hong Kong dollars. The board believed that the current trading price of the shares did not accurately reflect the company's intrinsic value and that the share buyback would demonstrate the company's confidence in its business outlook and prospects, ultimately benefiting the company and creating value for its shareholders. It is worth noting that in October of this year, the company had already announced plans to repurchase shares worth up to 20 million Hong Kong dollars.