Movement Alert|Lightelligence-P Rises 9.24% in Regular Trading, Optical Communication Sector Rallies as Stabilization Period Selling Pressure Digested

Market Focus09:35

On June 3, Lightelligence-P rose 9.24% in regular trading, trading at 678.0 HKD/share, with trading volume of approximately 42.54 million HKD.

On the news front, the rise was primarily driven by a broad rally in Hong Kong-listed optical communication concept stocks. Within the same sector, Cambridge Technology and YOFC both surged over 5%, while Hongten Precision gained over 3%, reflecting significant sector linkage effects.

Additionally, the company previously announced that the stabilization period for its global offering ended on May 23, with the overall coordinator having fully exercised the over-allotment option involving approximately 2.07 million H shares. Notably, the stabilization agent did not buy or sell any H shares during the entire stabilization period. After multiple trading sessions of concentrated selling following the loss of this potential price support factor, market selling pressure has been progressively digested, contributing to the ongoing rebound.

(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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