Movement Alert｜VGT Falls 3.02% in Regular Trading, profit-taking persists after prior rally as funds turn net sellers

Market Focus11-13 09:35

On November 13, VGT fell 3.02% in Regular Trading, trading at HK$111.4, with turnover of HK$47.44 million.

The latest visible catalyst is continued profit-taking after the stock’s earlier rally, with short-term capital turning more cautious. Recent market updates indicate that earlier bullish factors tied to AI backplane patent news, strong high-end order visibility through 2028, share buyback plans, and first-three-quarter revenue of RMB18.461 billion with net profit of RMB3.384 billion had already been actively traded.

Follow-through fund-flow data showed a sharp swing in A-share trading: after a net main-force inflow of RMB647 million on November 11, VGT recorded a net main-force outflow of RMB832 million on November 12. In Hong Kong, the stock also saw a block sell on November 12. The company has separately announced a November 24 board meeting to consider a possible special dividend, but no payout amount has been disclosed yet.

(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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