Movement Alert|Great Wall Motor Falls 3.11% in Regular Trading, BlackRock Reduces Holdings as Brokerages Cut Target Prices Amid Sector Weakness

Market Focus15:28

On June 26, Great Wall Motor fell 3.11% in regular trading, trading at HK$9.03 per share, with turnover of approximately HK$128 million, continuing to hit a 52-week low.

On the news front, the Hong Kong Stock Exchange disclosed that BlackRock reduced its H-share stake in the company from 8.40% to 7.89% on June 17, sending a clear institutional de-risking signal that has weighed on market sentiment. Meanwhile, Daiwa Capital Markets cut its target price to HK$15, and CMB International also lowered its H-share target to HK$19, reflecting deteriorating institutional expectations.

The broader auto manufacturing sector remained under significant pressure. Within the sector, Leapmotor fell 5.96%, XPeng declined 5.01%, BYD dropped 4.21%, Li Auto lost 2.15%, and Geely slipped 0.7%. Industry fundamentals remain weak, with May domestic auto retail sales falling 16% year-over-year and cumulative January-to-May sales declining 20.6%, as persistent price competition and softening consumer demand continue to drag on sector valuations.

(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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