On June 26, Paradigm Intelligence (06682.HK) declined 5.04% in regular trading, trading at HK$23.74/share, with turnover of approximately HK$83.67 million. The drop came amid a sector-wide selloff in AI application software stocks.
On the news front, the AI-related sector experienced significant collective pressure on the day, with major names broadly retreating. Among sector constituents, Horizon Robot fell 6.48%, SenseTime dropped 5.15%, and Kingdee International declined 5.99%. Despite CICC recently reiterating an outperform rating with a target price of HK$40, and the company's trustee accumulating 1.2 million H shares between June 18 and June 24 at an average price of HK$26.49 totaling approximately HK$18.54 million — with the board explicitly stating shares are undervalued — short-term sector sentiment overwhelmed these supportive factors and dominated the stock's trajectory.
(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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