Stock Track | HANS CNC Plummets 6.54% Intraday Amid Institutional Selloffs and Profit-Taking Pressure

Stock Track06-02

HANS CNC (03200.HK) experienced a significant decline of 6.54% during intraday trading on Tuesday, as the stock faced continued selling pressure from multiple institutional shareholders.

According to market information, Morgan Stanley recently reduced its holdings in HANS CNC, selling 118,100 shares and lowering its stake to 7.94%. This follows similar position reductions by Schroders PLC earlier in the month. The successive institutional selloffs have contributed to sustained market pressure on the stock.

The stock had previously rallied significantly on the back of AI computing power-driven PCB equipment high-prosperity logic, with gains exceeding 18% in a prior trading session. The combination of short-term profit-taking following this rally and continued institutional reductions has maintained downward pressure on HANS CNC shares.

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