Movement Alert|GCL Technology Falls 5.56% in Regular Trading, Silicon Material Price War Deepens Amid Broad Sector Weakness

Market Focus06-18

On June 18, GCL Technology fell 5.56% in regular trading, trading at HKD 0.68/share, with turnover of HKD 159 million.

On the news front, the polysilicon industry price war continues to deepen with rod-shaped silicon prices showing no signs of bottoming out. Industry operating capacity has rebounded from a low of 962,000 tons to 1,068,000 tons, intensifying supply-side pressure. Although the company previously announced that its chairman and approximately 30 core management personnel plan to purchase shares between June 11-30 with total consideration not exceeding HKD 100 million, and consecutive large-scale repurchases totaling approximately 202 million shares have been completed, weak industry fundamentals continue to dominate market sentiment.

The broader sector came under significant pressure, with Epiworld down 7.17%, SICC down 4.28%, Flat Glass down 3.06%, Xinyi Solar down 2.92%, and ASMPT down 0.76%.

(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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