On May 21, InnoScience fell 3.12% in regular trading, trading at 66.8 HKD/share, with trading volume of approximately 240 million HKD.
On the news front, the company previously received listing approval from the Hong Kong Stock Exchange permitting approximately 374 million H-shares to be listed and traded, and market concerns over the incremental supply pressure from newly circulating shares persist. Additionally, the stock had surged over 20% on May 13 and over 7% on May 14, driven by confirmation of its role as an NVIDIA 800V high-voltage DC architecture supplier and the broader power semiconductor price hike cycle. After accumulating significant short-term gains, profit-taking continued to exert selling pressure.
Notably, the semiconductor sector performed relatively strong on the same day, with SMIC up 2.99%, Montage Technology up 5.42%, and OmniVision up 7.22%. InnoScience notably underperformed the sector, indicating that company-specific supply overhang pressure remains prominent.
(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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