Summary by Futu AI
Nayuki Holdings Limited (NAYUKI) submitted its latest monthly securities movements report to Hong Kong Exchanges and Clearing Limited (HKEX) on September 3, 2024, reporting the changes in the company's shareholding as of August 31, 2024. The report shows that the company's authorized/registered share capital and issued shares (excluding treasury shares) remained unchanged during the reporting period, at 5,000,000,000 shares and 1,712,548,647 shares, respectively, with 2,577,500 treasury shares. In addition, under the share option scheme approved by the company in 2020, the exercise of the options will come from transfers held by Forth Wisdom Limited, with no new shares being issued, so the total number of issued shares is not affected. The report also mentions that, based on the general mandate approved on June 21, 2023, the company repurchased a total of 7,538,000 ordinary shares during the period from January to June 2024, but as of August 31, 2024, these shares have not been cancelled. At the same time, under the general mandate approved on June 28, 2024, the company repurchased 2,577,500 ordinary shares in July and holds them as treasury shares.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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