On July 17, JL Mag Rare-Earth (06680.HK) declined 5.11% in regular trading, trading at HK$15.98/share, with turnover of HK$57.46 million.
On the news front, Morgan Stanley has been consecutively reducing its holdings in the company's H-shares. Disclosed data shows Morgan Stanley sold 803,800 shares on July 10 at approximately HK$17.80 per share, totaling around HK$14.31 million, reducing its stake to 5.73%. Earlier on July 8, Morgan Stanley had already sold 53,691 shares at approximately HK$19.10 per share. The intensive institutional selling has intensified market selling pressure, with the stock's cumulative decline over the past 10 trading days reaching 19.36%.
The broader Electrical Components and Equipment sector also traded weak, with CATL down 3.3%, SIGENERGY down 7.28%, TIME INTERCON down 9.44%, SUN.KING TECH down 10.65%, and ZHIDA TECH down 15.8%, amplifying the downward momentum through sector-wide resonance.
(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.)
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