On July 17, Chaozhou Three-Circle (06951) fell 6.53% in regular trading, trading at HK$93.1/share, with turnover of HK$38.14 million. The stock, which listed on July 9 at an IPO price of HK$100.3, has now fallen well below its offering price.
The decline comes amid broad weakness across the Electronic Components sector and follows significant position movements disclosed on July 16, when transfers totaling HK$347 million in market value — representing 4.53% of shares — were recorded, including 2.23 million shares transferred to Galaxy Securities Hong Kong and 564,300 shares transferred out of Jefferies Hong Kong. The A-share counterpart (300408) also fell 5.97% on July 15 with net institutional outflows of RMB 85.99 million.
Within the Electronic Components sector, the overall sector showed broad declines. Among individual stocks, KB Laminates down 6.29%, Kingboard Holdings down 7.39%, VGT down 4.90%, Sunny Optical down 1.51%, Lens Technology down 3.01%.
(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.)
Comments