On June 11, MINIEYE (02431.HK) fell 8.24% in regular trading, trading at 9.93 HKD/share, with trading volume of approximately 35.78 million HKD. The decline comes as the broader Auto Parts and Equipment sector faces widespread selling pressure, with sector peers Seyond down 12.56%, Hesai down 5.13%, Johnson Electric down 4.80%, Fuyao Glass down 3.97%, and Minth Group down 2.34%.
The pullback follows a period of significant gains driven by multiple positive catalysts. On June 5, the stock surged nearly 30% after announcing the acquisition of 50% equity in ZTO Express subsidiary Xi'an Tongtu Technology for RMB 25 million, positioning ZTO as a strategic shareholder. On June 9, the company disclosed a contract for over 100 unmanned buses and related services worth over RMB 130 million. These catalysts pushed the stock as high as 11.86 HKD on June 10, with today's retreat suggesting profit-taking amid broad sector weakness.
(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