Movement Alert｜MiningLamp Technology Falls 5.14% in Regular Trading, Massive Lock-Up Expiry Pressure Continues to Weigh on Share Price

Market Focus06-23 10:14

On June 23, MiningLamp Technology-W (02718.HK) fell 5.14% in regular trading, trading at 226.8 HKD/share, with turnover of approximately 14.15 million HKD.

On the news front, the company faces its first major lock-up share expiry since listing on July 31, with approximately 124 million shares set to become tradeable, representing roughly 85% of total share capital. Previously, the company had only 5.9484 million shares in free float, accounting for just 4.09% of total shares. Post-expiry, the tradeable float will surge approximately 22-fold, creating substantial potential selling pressure in the market.

Although the stock had previously rallied over 35% on edge-side AI concepts and automotive application partnership catalysts, persistent lock-up expiry overhang combined with concentrated profit-taking from short-term holders has driven consecutive sessions of selling pressure and price retreat.

(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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