On July 29, CMBC CAPITAL fell 8.33% in regular trading, trading at HK$1.1/share, with turnover of HK$5.81 million.
The stock had rebounded 12.71% on July 28 driven by company buybacks, but short-term speculative funds quickly took profits, causing rebound momentum to dissipate.
On the news front, shareholder Smart Fish Wealthlink previously sold approximately 31.78 million CMBC CAPITAL shares at a discount for total proceeds of HK$95.35 million, expecting to record a loss of HK$25.2 million. The discounted disposal intensified bearish market sentiment. Although the company repurchased a cumulative 1.88 million shares over two consecutive days to signal management support, the stock had already plunged over 60% in the three trading days prior, and short-term market confidence remains fragile.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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$CMBC CAPITAL(01141)$
On July 29, CMBC CAPITAL fell 8.33% in regular trading, trading at HK$1.1/share, with turnover of HK$5.81 million. The stock had rebounded 12.71% on July 28 driven by company buybacks, but short-term speculative funds quickly took profits, causing rebound momentum to dissipate.
On the news front, shareholder Smart Fish Wealthlink previously sold approximately 31.78 million CMBC CAPITAL shares at a discount for total proceeds of HK$95.35 million, expecting to record a loss of HK$25.2 million. The discounted disposal intensified bearish market sentiment. Although the company repurchased a cumulative 1.88 million shares over two consecutive days to signal management support, the stock had already plunged over 60% in the three trading days prior, and short-term market confidence remains fragile.