Movement Alert｜LightIC Tech-P Falls 5.19% in Regular Trading, Profit-Taking Continues After Prior 15% Surge Amid Lingering Rumor Overhang

Market Focus06-17

On June 17, LightIC Tech-P (01879.HK) declined 5.19% in regular trading, trading at 471.8 HKD/share, with turnover of approximately 27.81 million HKD. The stock extended its pullback for a second consecutive session following a sharp 15%-plus rally on June 15.

The prior surge was driven by a broad optical communication sector rally and the official launch of the Shanghai Integrated Optical Computing Chip and System Key Laboratory, co-established by Shanghai Jiao Tong University and the company. However, concentrated profit-taking pressure has emerged in the wake of the rapid advance. Additionally, the stock has been weighed down by the aftermath of earlier unsubstantiated market rumors that triggered a steep decline from the June 3 high of 708 HKD. Although the company has issued a clarification announcement denying all allegations, filed reports with law enforcement, and announced a share buyback plan of up to 10% of issued H-shares, market confidence remains fragile and requires further time to recover.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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