Movement Alert|Yangtze Optical Fibre and Cable Rises 3.21% in Regular Trading, Rebounding After Sharp Two-Day Correction Amid Sustained Southbound Fund Inflows

Market Focus06-12 10:14

On June 12, Yangtze Optical Fibre and Cable (06869) rose 3.21% in regular trading to HK$236.8, with turnover of HK$1.352 billion. The stock rebounded after two consecutive sessions of steep declines totaling over 12%, which were triggered by concerns over CPO commercialization delays and 800G optical module price cuts exceeding 60%.

Southbound funds had accumulated net purchases of the stock for five consecutive trading days through June 10, with cumulative net inflows reaching HK$2.307 billion, signaling sustained institutional buying interest despite the recent pullback. The prior correction was catalyzed by a research report from SemiAnalysis published on June 9 that pushed back CPO large-scale commercialization timelines to 2028-2029, significantly later than market expectations, while NVIDIA's strategy of advancing copper-based interconnects over optical solutions further weighed on sector 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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment