Movement Alert｜Weichai Power Falls 3.41% in Regular Trading, Sector-Wide Weakness Compounded by Persistent Foreign Institutional Selling

Market Focus06-23

On June 23, Weichai Power fell 3.41% in regular trading, trading at HK$39.5/share, with turnover of HK$145 million, giving back part of the prior session's gains.

The decline comes amid broad-based weakness across the Construction Machinery and Heavy Trucks sector. JPMorgan reduced its holdings in the company by approximately 7.84 million shares on June 3, involving roughly HK$313 million, bringing its stake down to 8.78%. Wellington Management also sold approximately 2.5 million shares at around HK$36.81 per share. Southbound capital has cumulatively net sold 24.74 million shares over the past 20 trading days, with sustained institutional selling pressure continuing to weigh on the stock price.

Within the sector, SINOTRUK fell 1.77%, Times Electric fell 2.12%, UISEE Tech fell 5.31%, CRRC fell 1.78%, and Sany Heavy Industry fell 0.9%, reflecting broad sector weakness.

(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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