China's iDreamSky Technology jumps on share repurchase plan

iDreamSky Technology Holdings

31/08/2023 07:45

** Shares of iDreamSky Technology Holdings  1119.HK  jump as
much as 9.8% to HK$3.36, highest since Aug. 15; set for third
consecutive session of gains
    ** Stock is biggest pct gainer in Hang Seng Composite Index
on IT firms  .HSCIIT  and fourth biggest gainer in Hang Seng
Composite Index  .HSCI  
    ** Guangdong-based game and information services group plans
to repurchase up to HK$200 mln ($25.5 mln) worth of shares
    ** Hang Seng Composite Index on IT firms  .HSCIIT  slips
0.7%, while Hang Seng Composite Index  .HSCI  and Hang Seng
Index  .HSI  both ease 0.5%
    ** As of last close, stock has fallen 20.9% so far this year
    ($1 = 7.8460 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))