Movement Alert｜Xpeedic Technology-P Falls 5.37% in Regular Trading, Profit-Taking After Prior Surge Combined With No-Dividend Announcement

Market Focus06-04 13:02

On June 4, Xpeedic Technology-P declined 5.37% in regular trading after resuming from a brief suspension, trading at 630.0 HKD/share, with trading volume of HKD 8.8968 million.

On the news front, the decline was primarily triggered by the company's announcement that the board does not recommend any dividend distribution for the fiscal year ended December 31, 2025. Trading resumed at 1:00 PM on June 4 following the announcement. The stock had surged over 16% on June 3 driven by a sector-wide rally in optical communication names fueled by AI computing demand catalysts, including the commissioning of China's first S+C+L tri-band ultra-low-loss multi-core optical cable and NVIDIA's Spectrum-X silicon photonics mass production update. Following the sharp prior-session gain, profit-taking pressure intensified upon resumption, compounded by negative sentiment from the no-dividend decision.

(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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