Movement Alert|NEXCHIP Declines 3.27% in Regular Trading, Semiconductor Sector Extends Weakness for Second Consecutive Day

Market Focus09:55

On July 28, NEXCHIP fell 3.27% in regular trading, trading at 31.4 HKD/share, with turnover of approximately HK$12.77 million. The decline came as the semiconductor sector extended weakness for a second straight session, with broad-based selling pressure across chip stocks.

On the news front, the semiconductor sector continued to face systematic selling pressure, with peers including GIGADEVICE down 11.94%, MONTAGE TECH down 9.38%, and ILUVATAR COREX down 6.7%. Meanwhile, key shareholder Huaqin Technology, which recently raised its stake in NEXCHIP to 11.03% through consecutive open-market purchases totaling approximately HK$670 million since mid-July, also declined 3.64% intraday amid profit-taking after surging over 22% in prior weeks.

NEXCHIP has confirmed that orders remain sufficient and capacity utilization continues at elevated levels. However, short-term sector-wide selling pressure continued to dominate trading. The company is scheduled to report its next earnings on August 25.

(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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