Movement Alert|DeepSense Technology Falls 5.15% in Regular Trading, Index Inclusion Boost Fades as Stock Drops Below Placement Price Again

Market Focus06-16

On June 16, DeepSense Technology (01384.HK) fell 5.15% in regular trading, trading at 47.84 HKD/share, with turnover of approximately 61.08 million HKD.

On the news front, the stock had rebounded the previous trading day following its formal inclusion in the HKEX Tech 100 Index, but the positive effect lasted only one session before dissipating entirely. The current price has once again fallen below the placement price of 50.58 HKD per share. The company completed a flash placement of approximately 7.94 million new H shares at 50.58 HKD in late May, raising roughly 402 million HKD — just over seven months after its IPO, with more than 70% of original IPO proceeds still unused. Market skepticism regarding the company's true capital needs and operational strategy continues to weigh on the stock, which has been under sustained pressure since the placement was completed.

Within the Systems Software sector, MINIMAX-WP fell 3.21%, HAIZHI TECH GP fell 3.74%, and EXTREME VISION fell 0.91%, reflecting broad weakness among AI-related names.

(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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