On July 23, SUNAC rose 5.66% in regular trading, trading at HKD 0.56/share, with turnover of HKD 79.71 million.

On the news front, SUNAC announced on July 20 that the company granted a total of 284,560,000 incentive shares to 439 eligible participants under its team stability plan adopted in December last year. The shares were granted at zero purchase price with a lock-up period until June of the following year. The granted shares account for approximately 1.43% of the company's total issued shares of 19,965,499,620, and represent about 15.40% of the total pool under the team stability plan.

In addition, southbound capital has been net buying SUNAC on 14 out of the past 20 trading days, accumulating a net increase of 266 million shares, bringing the southbound holding ratio to 29.83%. The sustained capital inflow has provided further support for the stock price. Within the Real Estate Development sector, C&D INTL GROUP rose 2.39%, CHINA RES LAND rose 1.98%, CHINA OVERSEAS rose 1.8%, HENDERSON LAND rose 1.02%, and CK ASSET rose 0.96%.

(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.)