NetEase (SEHK:9999) Posts 12% Stock Price Rise Over Last Month
NetEase (SEHK:9999) recently announced a lower dividend, alongside its notable Q2 financial performance showing increased sales and net income. With a new independent director appointed to its board and ongoing share repurchase activity, the company’s strategic maneuverings continue to shape investor perception. Over the last month, NetEase’s share price rose by 12.52%, an increase that aligns with broader market trends, as U.S. stock indices also experienced gains thanks to cooling inflation data and potential interest rate cuts. Despite these developments, NetEase’s specific events would have enhanced the positive sentiment rather than countered the overall market trajectory.
