HK Stock Market Move | JF SMARTINVEST (09636) surged over 4% in the afternoon. The company has recently been buying back shares and has bought back nearly HKD 38 million worth of shares so far this year.

JF SMARTINVEST (09636) rose over 4% in the afternoon trading, up 3.83% to HK$32.02 at the time of writing, with a trading volume of HK$132 million. In terms of news, JF SMARTINVEST has been actively buying back shares recently. The company announced that on April 21, it spent HK$3.0194 million to repurchase 10,270 shares. Data shows that the company has conducted a total of 10 buybacks this year, amounting to HK$37.9308 million. Open Source Securities issued a research report stating that JF SMARTINVEST, as a leading financial information services provider, has benefited greatly from the active market trading. The company's performance has great elasticity, and the impact of regulatory restrictions on new clients is limited. The company has completed the acquisition of Fangde Securities to expand its overseas business, launched new products to explore customer value, expanded its range of small-scale products and AI terminal products, diversified its business income, and increased its investment in technological innovation. With a good product ecosystem in place, the retention and growth of customers are expected to continue, maintaining a "buy" rating.