Stock Track | CTG DUTY-FREE Shares Plunge as JPMorgan Reduces Stake

Stock Track10-09

Shares of CTG DUTY-FREE plummeted by 7.34% on October 9th, following news that JPMorgan Chase has decreased its long position in the company's H shares.

According to a filing with the Hong Kong Stock Exchange, JPMorgan Chase reduced its holdings in CTG DUTY-FREE's H shares from 9.35% to 8.53% as of October 4th.

The move by the major institutional investor to trim its stake in the Chinese duty-free retailer appears to have contributed to the significant drop in CTG DUTY-FREE's share price on the day. Analysts suggest that such sizable reductions in holdings by influential investors can often trigger selling pressure and weigh on a stock's performance.

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1125745222?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-09 18:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1125745222","market":"hk","top_or_hot":-1,"title":"Stock Track | CTG DUTY-FREE Shares Plunge as JPMorgan Reduces Stake","media":"Stock Track","content":"<p>Shares of CTG DUTY-FREE plummeted by 7.34% on October 9th, following news that JPMorgan Chase has decreased its long position in the company's H shares.</p>\n\n<p>According to a filing with the Hong Kong Stock Exchange, JPMorgan Chase reduced its holdings in CTG DUTY-FREE's H shares from 9.35% to 8.53% as of October 4th.</p>\n\n<p>The move by the major institutional investor to trim its stake in the Chinese duty-free retailer appears to have contributed to the significant drop in CTG DUTY-FREE's share price on the day. Analysts suggest that such sizable reductions in holdings by influential investors can often trigger selling pressure and weigh on a stock's performance.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | CTG DUTY-FREE Shares Plunge as JPMorgan Reduces Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | CTG DUTY-FREE Shares Plunge as JPMorgan Reduces Stake\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-09 18:00 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of CTG DUTY-FREE plummeted by 7.34% on October 9th, following news that JPMorgan Chase has decreased its long position in the company's H shares.\nAccording to a filing with the Hong Kong Stock ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01880","symbol_name":"中国中免","start_time":0,"source_url":"","article_id":"1125745222","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1125745222","pubTimestamp":1728468058,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of CTG DUTY-FREE plummeted by 7.34% on October 9th, following news that JPMorgan Chase has decreased its long position in the company's H shares.According to a filing with the Hong Kong Stock Exchange, JPMorgan Chase reduced its holdings in CTG DUTY-FREE's H shares from 9.35% to 8.53% as of October 4th.The move by the major institutional investor to trim its stake in the Chinese duty-free retailer appears to have contributed to the significant drop in CTG DUTY-FREE's share price on the da","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01880":"中国中免"},"translate_title":"摩根大通减持三峡免税股价暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01880":1},"content_text":"Shares of CTG DUTY-FREE plummeted by 7.34% on October 9th, following news that JPMorgan Chase has decreased its long position in the company's H shares.\nAccording to a filing with the Hong Kong Stock Exchange, JPMorgan Chase reduced its holdings in CTG DUTY-FREE's H shares from 9.35% to 8.53% as of October 4th.\nThe move by the major institutional investor to trim its stake in the Chinese duty-free retailer appears to have contributed to the significant drop in CTG DUTY-FREE's share price on the day. Analysts suggest that such sizable reductions in holdings by influential investors can often trigger selling pressure and weigh on a stock's performance.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1125745222"}