On June 26, Deepexi Technology fell 5.03% in regular trading, trading at HK$36.22/share, with turnover of HK$50.22 million.
On the news front, the stock continues its sustained downtrend as selling pressure from placement shares intensifies. The current price represents a discount of over 29% to the HK$50.58 placement price set during the company's flash placement completed on May 28, when 7.94 million new H shares were issued raising approximately HK$4.02 billion — just seven months after IPO. Market concerns over the company's capital strategy remain unresolved, as IPO proceeds had not yet been fully deployed at the time of the secondary offering.
Previous short-term catalysts, including inclusion in the HKEX Tech 100 Index and initial broker coverage with a Buy rating, have fully faded. Meanwhile, the broader AI sector continues its systematic retreat, with peers MINIMAX down 6.75%, Haizhi Tech Group down 5.62%, and Mobvoi down 1.59%, amplifying individual stock declines through sector resonance.
(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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