Movement Alert|CICC Falls 3.01% in Regular Trading, Profit-Taking After Three-in-One Merger Acceptance Compounded by Brokerage Sector Weakness

Market Focus06-18

On June 18, China International Capital Corporation (CICC) fell 3.01% in regular trading, trading at HKD 19.97 per share, with turnover of approximately HKD 93.3 million.

On the news front, CICC's application to absorb-merge Dongxing Securities and Cinda Securities via share swap was officially accepted by the Shanghai Stock Exchange on June 12, entering the regulatory review stage. This positive development had already driven the stock up 4.69% on June 15, with the market fully pricing in the catalyst. Following the completion of the merger, CICC's total assets are expected to surpass the one-trillion-yuan threshold, with revenue increasing from RMB 28.5 billion to RMB 37.2 billion, elevating its industry ranking to third place.

With the positive news fully digested, profit-taking pressure has become evident. Meanwhile, the broader brokerage sector weakened significantly, with CITIC Securities falling 3.82%, Guotai Haitong declining 2.80%, and HTSC dropping 1.22%, creating additional sector-wide headwinds that further weighed on CICC's performance.

(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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