On June 26, Innoscience fell 3.5% in regular trading, trading at HKD 63.95/share, with turnover of HKD 150 million. The stock has now declined for three consecutive trading sessions, significantly underperforming the semiconductor sector.
On the news front, company director Luo Weiwei sold approximately 289,000 shares on June 10 and 11, while China Merchants Bank and its subsidiary CMBI-related entities cumulatively reduced their long positions by approximately 1.49 million shares in early June. The company remains in a loss-making stage, and multiple rounds of shareholder disposals have continued to suppress market sentiment.
Additionally, on June 3 the company completed H-share full circulation, converting approximately 373.8 million domestically unlisted shares into tradeable H shares, increasing listed H shares from 525.5 million to 899.4 million. The expanded tradeable float has amplified selling pressure. Within the semiconductor sector today, SMIC fell 2.79%, GigaDevice fell 3.25%, Montage Technology fell 5.71%, and Iluvatar CoreX fell 5.93%, reflecting broad sector weakness.
(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.)
Comments