Movement Alert｜CCTC Falls 3.19% in Regular Trading, MLCC Pullback and Share Sale Pressure Continue to Weigh

Market Focus10-14 13:25

On October 14, CCTC fell 3.19% in regular trading, with the stock trading near HK$100.0 and turnover of HK$54.323 million.

The move was linked to continued profit-taking after the earlier MLCC-driven rally, alongside ongoing pressure from shareholder and institutional selling.

Recent disclosures show Huafeng International is authorized to sell its remaining stake of up to 360,400 H shares, after already disposing of 420,900 shares. Separately, JPMorgan reduced holdings by 84,900 H shares on September 21 at an average price of about HK$141.18 per share. While the company has also advanced its A-share employee stock ownership plan and had completed repurchases totaling 8.65 million A shares by the end of September, the latest trading indicates the market is focusing more on sector consolidation and near-term supply overhang.

(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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