Movement Alert|SenseTime Falls 3.47% in Regular Trading, Continued Selling Pressure from Large Block Trades and Southbound Fund Outflows

Market Focus09:50

On June 4, SenseTime-W (00020.HK) declined 3.47% in regular trading, trading at 1.68 HKD/share, with trading volume of 119 million HKD. The stock has extended its slide from the previous session, when it fell over 5% amid multiple large block sell orders.

On the news front, SenseTime faced concentrated institutional selling on June 3, with multiple block trades ranging from 1.4 million to 3 million shares executed during the session. In addition, southbound capital has been persistently reducing its holdings, with net reductions recorded on 15 out of the last 20 trading days, accumulating approximately 194 million shares of net selling. Despite the company announcing a proposed share buyback authorization of up to 10% of issued capital at its upcoming annual general meeting on June 24, selling pressure has continued to dominate price action.

Within the Application Software sector, the majority of peers traded lower. Among individual stocks, 51WORLD up 4.15%, Kingdee International down 5.07%, Horizon Robotics-W down 2.45%, Pony-W down 1.62%, Phancy down 2.25%.

(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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