On June 29, DiPu Technology rose 5.23% in regular trading, trading at approximately 40.46 HKD/share, with turnover of 122 million HKD.
On the news front, the stock is extending a recovery rally after concentrated selling pressure from its recent share placement gradually subsided. The company completed a placement of approximately 7.94 million new H shares at 50.58 HKD per share in late May, raising roughly 402 million HKD just seven months after its IPO. The rapid capital raise triggered market skepticism, sending the stock as low as 34.42 HKD on June 26 — a discount exceeding 30% to the placement price. With selling pressure now largely absorbed, the stock has staged a technical rebound from those lows. Southbound capital has accumulated net purchases of approximately 2.888 million shares over the past 20 trading days, with holdings reaching 5.18% of total shares, indicating growing institutional appetite at depressed levels.
Within the Systems Software sector, performance was mixed. Among peers, HAIZHI TECH GP rose 1.32%, EXTREME VISION rose 0.47%, ENTERPRISE DEV rose 4.85%, while KNOWLEDGE ATLAS fell 2.44% and MINIMAX-WP fell 2.25%.
(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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