On May 28, Estun Automation (02715.HK) declined 5.15% in regular trading, reaching HK$17.63 per share with trading volume of approximately HK$71.42 million, extending the previous session's selloff.
On the news front, according to HKEX filings, a company shareholder transferred 5.27% of shares (valued at approximately HK$84.58 million) from CMBI Securities to Merrill Lynch Far East on May 26, sparking market concerns over potential disposal. The stock had previously rallied sharply, hitting the A-share daily limit on May 21 and surging 8.68% in Hong Kong on May 26, accumulating significant short-term gains. Profit-taking pressure continued to weigh on the stock as investors locked in gains from the prior run-up driven by humanoid robot catalysts and strong Q1 earnings growth of 674.64% year-over-year.
Additionally, the Industrial Machinery sector traded broadly weaker on the day, with UBTECH Robotics down 5.43%, Sanhua down 5.37%, and Geekplus down 5.21%, creating a negative sector-wide drag on sentiment.
(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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