SIGENERGY's stock price plummeted 5.36% during intraday trading on Tuesday, reflecting continued downward pressure on the share price.

The decline was primarily driven by sustained selling pressure from newly issued shares following the full exercise of the over-allotment option. The company had previously issued 2.036 million new H shares, expanding its total issued share capital and increasing the circulating supply in the market.

Adding to the pressure, the price stabilization period ended on May 13, meaning underwriters are no longer providing price support for the stock. This has allowed market forces to fully determine the share price as investors digest the increased supply of shares.