On June 8, SenseTime-W declined 5.42% in regular trading, trading at 1.57 HKD/share, with trading volume of approximately 1.9 billion HKD. The stock extended its recent selloff, having already dropped over 5% on June 3 amid heavy block selling.
Market transaction data from earlier in the month revealed concentrated institutional selling, with multiple block sales ranging from 1.4 million to 3 million shares per transaction during single sessions. Overall selling pressure significantly outweighed buying interest. Additionally, southbound Hong Kong Stock Connect flows showed net selling of approximately 167 million shares over a five-day period, reflecting continued reduction by mainland capital, while short-selling activity remained elevated above 25% of daily turnover.
Despite the company's recent announcement of a proposed share buyback authorization of up to 10% of issued capital, bearish momentum driven by institutional de-risking has overwhelmed the supportive signal, pushing the stock below prior technical support levels near 1.62 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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