Movement Alert|HTSC Falls 3.08% in Regular Trading, Brokerage Sector Under Broad Selling Pressure Amid Continued Foreign Institutional Reduction

Market Focus06-26

On June 26, HTSC fell 3.08% in regular trading, trading at 16.36 HKD/share, with turnover of approximately HKD 132 million.

The decline was driven by a sector-wide sell-off across Chinese brokerage stocks coupled with persistent foreign institutional selling. JPMorgan Chase reduced its long position in HTSC H-shares by 9.68 million shares on June 17, bringing its remaining holding to approximately 77.43 million shares. This follows earlier reductions of 11.84 million shares on May 29 and 7.24 million shares on May 27. E Fund Management also trimmed its position by approximately 12.79 million shares on June 12.

Within the Investment Banking and Brokerage sector, the broader sell-off was pronounced, with CITIC Securities down 5.31%, CICC down 4.82%, CSC down 3.58%, and GTHT down 3.92%. Despite HTSC reporting strong Q1 results with net profit of RMB 4.8 billion (up 31.79% YoY) and multiple analyst buy ratings with target prices as high as HKD 26.12, the stock has continued to diverge from fundamentals amid sustained foreign capital outflows.

(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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