On September 4, TENCENT rose 3.09% in regular trading, trading at HK$446.2/share, with turnover of HK$3.814 billion. The rally was driven by a combination of sustained share buybacks, institutional endorsements, and persistent southbound capital inflows.

On the buyback front, TENCENT has executed share repurchases for 14 consecutive trading days since August 17, cumulatively buying back approximately 7.626 million shares at a total cost of around HK$3.405 billion. On September 3 alone, the company repurchased 229,000 shares at prices ranging from HK$433 to HK$445.40, spending approximately HK$100 million. Meanwhile, southbound funds have been net buyers of TENCENT for four straight sessions, signaling sustained mainland investor confidence.

Separately, Daiwa Capital Markets added TENCENT to its Buy list, while BOCOM International noted that Hong Kong equities have a foundation for further upside. The broader market also provided a tailwind, with the Hang Seng Index opening up 1.20% and the Hang Seng Tech Index gaining 1.46% at open. In addition, Tencent Cloud recently completed a domestic high-performance AI sandbox adaptation with Hygon Information, and WeChat Pay launched AI-dedicated card integration with DeepSeek Harness and OpenClaw.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)