CMBC Capital Holdings is trading 7.5% down at HK$1.11 as investors lock in gains following a sharp multi-day rally triggered by a significant share buyback announcement.
- The company's board recently approved the repurchase of up to 109,696,869 shares, representing 10% of its total issued capital.
- Analysts view today's decline as a period of price normalization rather than a reversal of the underlying support provided by the buyback program.