Positive signals emerge: A batch of tech stocks announces large-scale share repurchases! Thirty companies report strong earnings growth!

Recently, the A-share market has been sluggish, and tech stocks have faced pronounced pressure. Yet positive signals are gradually emerging: First, investor sentiment toward tech stocks has hit rock bottom—potentially heralding a turning point. Second, several ETF funds have recently shown markedly increased trading volume. Third, a wave of share repurchases by listed companies has reappeared in the market. Fourth, third-quarter earnings previews released by numerous companies recently have generally been robust—with many tech stocks reporting substantial profit growth. Multiple tech stocks announce plans for large-scale share repurchases—up to RMB 2 billion. Share repurchase refers to a listed company using its own cash to buy back its shares. Such action conveys three key signals to the market: (1) the stock price may be undervalued; (2) the company possesses ample cash flow; and (3) the company is confident about its future prospects. In particular, cancellation-style repurchases directly reduce the number of shares outstanding—thereby boosting earnings per share (EPS) even if net profit remains unchanged, thus providing tangible support to valuation and share price. In recent years, policymakers have strongly encouraged A-share companies to conduct share repurchases. On September 24, 2024, the so-called “Repurchase Loan” policy was introduced to incentivize such activity. Since then, following each major market correction, numerous companies have announced share repurchase plans to signal confidence to investors. According to Choice Data, as of October 19, 2026, A-share companies have collectively announced 666 share repurchase plans this year, with aggregate minimum intended repurchase amounts totaling approximately RMB 125.2 billion and maximum amounts totaling approximately RMB 228.8 billion. Among these, 21 companies plan repurchases exceeding RMB 1 billion each. Contemporary Amperex Technology Co. Limited (CATL) leads in scale: on July 25, CATL announced a plan to repurchase shares worth RMB 20–40 billion. Additionally, Yibin Wuliangye, Midea Group, and Gree Electric Appliances all announced minimum repurchase amounts exceeding RMB 5 billion. Sanhuan Group—the leading MLCC manufacturer—has issued three separate repurchase plans this year; BOE Technology Group and OmniVision Technologies each issued two.

Institutions finally step in.

Yet today’s market did not plunge into panic selling—in fact, it opened higher and rose steadily throughout the session, maintaining strength right up to the close. The explanation is simple: institutional investors, having held back for several days, stepped in again. Yesterday, Anwan noted that panic sentiment might spill over into today—but it didn’t. Instead, the market opened higher and rallied sharply. This forecast proved incorrect—not because the analysis was flawed, but because it failed to anticipate today’s proactive intervention by institutions. Today’s top-performing stocks were all AI and tech sector leaders. Leading optical module stocks surged significantly on high volume, while other sub-sector leaders also posted simultaneous gains in both price and volume. As Anwan previously observed, these stocks are quintessential institutional holdings—and their price action serves as an indirect barometer of institutional fund flows. Even modest institutional buying today pushed major indices—including the Shanghai Composite—back above their five-day moving averages, while total market turnover reached RMB 1.6 trillion, signaling clear signs of market stabilization and nascent recovery. A key question arising from today’s trading session is: Why did institutions intervene now—and will such intervention continue? The answer to the first question lies in oil prices. After market hours last night, news emerged that Iran’s Supreme Leader called for fulfilling conditions necessary to end the conflict. Spurred by this announcement, oil prices—which had risen intraday yesterday—quickly reversed and fell. This development came alongside reports of mediation efforts by the Makkah Alliance’s three member states and other Middle Eastern nations, as well as unconfirmed foreign media reports stating that China dispatched a special envoy to the Middle East (pending official confirmation). Collectively, these factors have heightened market expectations of a near-term agreement between the U.S. and Iran. Meanwhile, overseas equity markets posted two consecutive days of gains, with South Korea’s benchmark index beginning to fill its technical gap upward. Domestically, tech stocks currently trade at relatively attractive valuations. All these favorable domestic and international conditions converged—creating the perfect environment for institutions to initiate buying today. So does today’s institutional buying signal the start of a broader market rebound—or even a full-fledged reversal? Anwan believes today’s institutional move is likely more tactical than strategic—essentially a bet on a sharp near-term decline in oil prices driven by easing Middle East tensions.

Multiple Insiders Buy SenesTech Stock Signaling Confidence

5 days ago

SenesTech insiders purchased 300,770 shares worth $234k recently, signaling confidence despite losses. This net buying pattern suggests an optimistic outlook for the company.

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