On September 30, BEKE-W declined 3.15% in regular trading, trading at 43.02 HKD/share, with turnover of approximately 40.10 million HKD. The sell-off was triggered by a combination of a significant executive share disposal and the reversal of US-listed shares following an initial policy-driven rally.
On the executive front, senior executive Peng Yongdong disposed of 16.034 million shares via off-exchange transactions on September 28 at an average price of USD 5.2733 per share, involving approximately USD 84.55 million. His stake was reduced from 28.13% to 27.64%. This followed an earlier disposal by another executive, Shan Yigang, who sold 3.327 million shares on September 22. Additionally, JPMorgan recently trimmed its long position from 5.04% to 4.93%.
Meanwhile, BEKE's US-listed shares had surged over 6% in pre-market trading on September 29 after China's Ministry of Finance announced a mortgage interest subsidy policy effective October 1. However, the rally quickly faded, with shares reversing to a decline of over 2%. Analysts noted the subsidy targets first-home purchases priced below RMB 1.5 million, offering limited direct stimulus to transactions in major cities, prompting profit-taking after the initial enthusiasm.
(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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