On June 2, Lightelligence-P declined 3.36% in regular trading, trading at 584.0 HKD/share, with trading volume of 23.8214 million HKD.

On the news front, the decline is primarily attributed to unresolved selling pressure following the expiration of the global offering stabilization price period on May 23. The overall coordinator has fully exercised the over-allotment option, involving approximately 2.0693 million H shares at an allotment price of 183.20 HKD per share. Notably, the stabilization agent did not purchase or sell any H shares throughout the entire stabilization period to support the price. Since the period concluded, the stock has lost a potential price support mechanism, and profit-taking from early investors continues to weigh on supply-demand dynamics. Despite intermittent technical rebounds in recent sessions, today's decline indicates that selling pressure has not been fully absorbed.

Lightelligence is a China-based company engaged in optical interconnect and optical computing, offering Scale-up and Scale-out optical interconnect products as well as PACE series optical computing products.

(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.)