Movement Alert｜Biren Technology Falls 3.97% in Regular Trading, Stock Connect Inclusion Triggers Profit-Taking amid H-Share Full Circulation Supply Concerns

Market Focus06-11

On June 11, Biren Technology fell 3.97% in regular trading, trading at HK$52.0/share, with trading volume of HK$57.18 million.

On the news front, the decline is a continuation of selling pressure following the company's official inclusion in the Stock Connect program on June 8. The stock had previously rallied over 26% in anticipation of the inclusion, and since the news materialized, the classic buy-the-rumor-sell-the-news dynamic has driven cumulative losses of approximately 8% over June 8-9, followed by a brief rebound on June 10 before selling resumed.

Additionally, on June 5 the company submitted an application to the China Securities Regulatory Commission to convert approximately 868 million domestic unlisted shares into H-shares on a one-for-one basis. The application has not yet been accepted, but the potential significant increase in tradable supply continues to weigh heavily on market sentiment.

Within the semiconductor sector, the broader weakness also contributed, with HUA HONG SEMI down 1.68% and GIGADEVICE down 0.84%, providing additional drag on the stock.

(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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