On July 29, SHANGHAI FUDAN fell 5.33% in regular trading, trading at HK$22.02/share, with turnover of approximately HK$69.11 million.
On the news front, the semiconductor sector faced significant systemic selling pressure, with peers including SMIC down 7.31%, HUA HONG GRACE down 7.81%, GIGADEVICE down 10.99%, MONTAGE TECH down 10.66%, and ILUVATAR COREX down 13.27%. At the company level, major shareholder Fudan Fukong, holding over 5% of shares, has completed its ETF share swap plan, converting approximately 8.2338 million A-shares, reducing its stake from 12.35% to 11.35%.
While Morgan Stanley and HSBC Holdings had previously increased their positions in SHANGHAI FUDAN — with Morgan Stanley adding approximately 469,900 shares at HK$25.60 per share on July 17 and HSBC adding 167,000 shares at HK$28.52 per share on June 26 — the completion of the major shareholder reduction combined with sustained industry-wide pullback has weighed on near-term 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.)
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