On June 11, SINOTRUK (03808) fell 3.13% in regular trading, trading at HK$40.56/share, with trading volume of HK$68.14 million.
On the news front, the stock had accumulated substantial short-term gains prior to the pullback — surging over 10% on June 2, more than 6% on June 4, 4.38% on June 8, and another 3.19% on June 9 — creating significant profit-taking pressure. Additionally, May terminal sales of gas-powered heavy trucks nearly halved month-over-month due to a rapid surge in LNG prices since late April, which sharply narrowed the oil-gas price spread and even caused price inversion in some regions. Domestic gas-truck penetration retreated to approximately 20%, and this headwind remains under digestion.
The Construction Machinery and Heavy Trucks sector was broadly weak on the day, with Weichai Power down 2.83%, Sany International down 1.61%, and Lonking down 1.45%.
(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