Movement Alert｜MingLue Technology Declines 6.12% in Regular Trading, Pullback After Multi-Day Surge Exceeding 40%

Market Focus06-15

On June 15, MingLue Technology-W (02718.HK) fell 6.12% in regular trading to HK$238.0, with turnover of HK$69.26 million. The decline follows a sharp multi-day rally that saw the stock surge over 40% in just two trading sessions last week, closing at HK$245 on June 12 after reaching an intraday high of HK$288.

The pullback appears consistent with the stock's well-documented high-volatility pattern driven by its extremely thin float. As a sub-one-year listed company, the majority of shares remain under lock-up, with actual free float representing a small fraction of total shares. This structural feature has repeatedly produced roller-coaster price action, with prior episodes including a roughly 40% correction from its May high of HK$357 following port stock connect inclusion on June 2. Market participants noted that the recent Agentic AI catalysts — including policy support from MIIT, NVIDIA CEO's endorsement of Agentic AI, and the company's product milestones — had already been priced in during last week's explosive rally, creating conditions for profit-taking.

(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.

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