Movement Alert|GCL Technology Falls 5.56% in Regular Trading, Silicon Material Price War Continues to Weigh on Sector

Market Focus06-26

On June 26, GCL Technology fell 5.56% in regular trading, trading at HKD 0.69/share with turnover of HKD 135 million, giving back the prior session's 7.46% gain.

On the news front, the silicon material industry price war continues to deepen, with rod-shaped silicon prices showing no sign of bottoming. Industry operating capacity has rebounded from a prior low of 962,000 tonnes to approximately 1.06 million tonnes, intensifying supply-side pressure. Despite the company implementing consecutive buybacks since June 22 — cumulatively spending approximately HKD 221 million to repurchase 321 million shares — and executive share purchase plans, weak industry fundamentals continue to dominate market sentiment.

The broader sector remained under pressure, with ASMPT down 5.18%, Xinyi Solar down 2.94%, Flat Glass down 2.14%, and SICC down 2.29%.

(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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