HANS CNC's stock plummeted 6.60% intraday, reflecting significant selling pressure in the market.

The decline was primarily triggered by the disclosure that Morgan Stanley, a significant institutional shareholder, reduced its stake in the company by 118,100 shares, worth approximately HKD 19.41 million. This sell-down raised market concerns over near-term selling pressure from large investors.

Additionally, the stock had previously rallied strongly on the back of AI computing infrastructure demand driving momentum in the PCB equipment sector. The combination of institutional divestment and short-term profit-taking from the prior rally weighed heavily on investor sentiment during the session.