Movement Alert｜SMIC falls 3.03% in Regular Trading, weak capital flows continue to weigh on sentiment

Market Focus10-23

On October 23, SMIC fell 3.03% in Regular Trading, trading near HK$45.46, with turnover of HK$399 million.

The main catalyst cited by recent market coverage is continued weakness in capital flows. SMIC had previously seen 15 consecutive sessions of southbound net selling, and on October 22 southbound funds again recorded net selling in the stock, placing it among the most-sold names in Hong Kong trading.

On the A-share side, SMIC recorded main-force net buying of RMB78.39 million on October 22, but margin financing showed net repayment of RMB96.35 million, indicating ongoing short-term divergence in positioning rather than a clear risk-on turn. At the same time, the market remains focused on depreciation pressure tied to the capitalization of 12-inch production lines, which has continued to cap sentiment despite supportive industry demand trends.

(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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