On June 2, Sigre New Energy (06656.HK) fell 3.19% in regular trading, trading at HKD 451.4 per share, with trading volume of approximately HKD 15.17 million. The decline was primarily driven by continued selling pressure from newly issued shares under the fully exercised over-allotment option.

On the news front, the company previously issued 2.036 million new H shares at HKD 324.20 per share following the full exercise of the over-allotment option, expanding its total issued share capital to 141,768,341 shares. The price stabilization period ended on May 13, meaning underwriters no longer provide price support. The additional circulating shares have continued to exert selling pressure as the market digests the increased supply.

Within the Electrical Components and Equipment sector, performance remained mixed. CATL rose 3.05% and ZHAOWEI gained 2.42%, while WOER fell 4.11% and JLMAG declined 1.17%, indicating the sector failed to form unified upward momentum, perpetuating pressure on individual stocks including Sigre New Energy.

(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.)