Movement Alert｜ZTE Corporation Falls 3.85% in Regular Trading, Communications Equipment Sector Broadly Weakens Again Amid Persistent Foreign Selling Pressure

Market Focus06-26 09:42

On June 26, ZTE Corporation fell 3.85% in regular trading, trading at HK$23.62/share, with turnover of HK$76.95 million.

On the news front, the communications equipment sector experienced another broad selloff, with YOFC down 9.18%, Transtech down 10.34%, and CIG down 4.62%, as the prior session's partial recovery failed to sustain momentum. Sector-wide weakness dragged down individual stock performance through industry resonance.

Additionally, JPMorgan continued to reduce its holdings in ZTE H shares, with the latest position ratio declining from 7.05% to 6.82% as of June 19, reflecting an increasingly cautious stance from foreign institutional investors. The company's Q1 net profit attributable to shareholders declined 46.58% year-over-year, with non-recurring adjusted net profit falling 52.16%, maintaining fundamental pressure on valuations. The confluence of sector headwinds, institutional selling, and earnings deterioration collectively weighed on the share price.

(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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