Movement Alert｜Shenghong Tech Falls 3.93% in Regular Trading, Multiple Index Removals and Persistent Capital Outflows Weigh on Shares

Market Focus06-04

On June 4, Shenghong Tech (02476.HK) declined 3.93% in regular trading to HK$404.8, with turnover of HK$277 million, extending a multi-session pattern of selling pressure.

On the news front, the company faces a confluence of negative catalysts from index-related passive selling. According to official announcements from China Securities Index Co. and Shenzhen Stock Exchange, Shenghong Tech is being removed from the CSI 300, SZSE Component, and ChiNext indices, with adjustments taking effect between June 12-15. The removals stem from the company's average free-float market cap ranking falling outside the top 300, total market cap sliding beyond the top 500 in Shenzhen, and intensified competition from newly listed AI computing stocks pushing it out of the ChiNext top 100.

Additionally, data shows the stock has experienced six consecutive days of net main capital outflows totaling RMB 7.16 billion, reflecting sustained institutional selling. The PCB sector also faces headwinds from surging upstream raw material costs, with supply-demand gaps widening as Japanese and Korean suppliers show limited expansion willingness.

(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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