On July 20, SG Micro (03661.HK) rose 4.42% in regular trading, trading at 97.4 HKD/share, with turnover of 701,200 HKD. The semiconductor sector staged a broad rebound, with SMIC up 3.03%, Hua Hong Grace up 4.4%, Montage Technology up 6.2%, and Iluvatar CoreX up 4.81%, providing systematic sector tailwinds for the stock's recovery.
On the individual stock level, Singapore sovereign wealth fund GIC has increased its stake in the company's H shares four consecutive times since July 7, accumulating approximately 1.1453 million shares. The latest disclosed holding ratio rose to 16.36%. GIC's most recent purchase on July 14 involved 252,300 shares at an average price of 98.49 HKD per share, totaling approximately 24.85 million HKD. The persistent accumulation by a major sovereign fund has provided meaningful confidence support following the stock's pullback from its post-listing high of 125.3 HKD.
(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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