On May 28, Lightelligence-P declined 3.3% in regular trading, trading at 661.0 HKD/share, with trading volume of approximately 109 million HKD.
The decline is primarily attributed to the continued release of selling pressure following the conclusion of the company's stabilization price period on May 23. The overall coordinator had fully exercised the over-allotment option involving approximately 2.069 million H shares at a price of 183.20 HKD per share. Notably, the stabilization price agent did not buy or sell any H shares on the market during the entire stabilization period. With this potential price support factor removed, and IPO-era profit-taking still being digested, the stock continues to face supply-demand imbalance. Although a brief technical rebound occurred in the prior session, persistent selling pressure remains the dominant force.
(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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