On June 12, JL MAG Rare-Earth (06680.HK) rose 5.49% in regular trading, trading at HK$18.45/share, with turnover of HK$38.49 million. The rebound follows significant institutional buying activity reported on the A-share dragon-tiger list, where institutions were the largest net buyers of the company's A-share (300748.SZ), which surged 20% with a turnover rate of 14.18%.
The stock had previously come under pressure, with the H-share falling 5.56% on June 10 amid A-share weakness and approximately RMB 646 million in cumulative net outflows from major funds over 10 trading days. Morgan Stanley also disclosed an increase of approximately 276,900 shares at around HK$18.82 per share. Multiple brokerages including Guotai Haitong Securities and CITIC Securities maintain Buy ratings on the stock, reflecting continued institutional confidence in the high-performance NdFeB permanent magnet manufacturer.
Within the Electrical Components and Equipment sector, SUN.KING TECH up 6.11%, ZHAOWEI up 4.04%, SIGENERGY up 2.78%, CATL up 1.06%, TIME INTERCON up 0.88%.
(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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