Movement Alert｜Mininglamp Technology-W Intraday Decline 5.66%, Massive Lock-up Expiry Pressure Continues to Drag Stock to New Phase Low

Market Focus07-03

On July 3, Mininglamp Technology-W fell 5.66% in regular trading, trading at 189.4 HKD/share, with turnover of approximately HKD 10.19 million. The decline was driven by persistent selling pressure ahead of the company's first major lock-up share expiry since listing.

The company faces an unlocking of approximately 124 million restricted shares on July 31, representing roughly 85% of total share capital. Post-unlock, the free float is expected to surge by approximately 22 times, creating substantial potential selling overhang. Although CITIC Construction Investment recently initiated coverage with a Buy rating, citing optimistic prospects for the company's new Agentic Services business, the looming unlock event continues to suppress valuation. Trading volume remains subdued, reflecting strong wait-and-see sentiment among market participants as the stock extends its downtrend to fresh phase lows.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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