On June 24, SMIC rose 3.08% in regular trading, trading at 80.3 HKD/share, with turnover of 8.05 billion HKD. The semiconductor sector continued its multi-day rally, providing strong upward momentum for the stock.

On the news front, SMIC recently stated on its investor relations platform that the company has accumulated years of mass production experience in specialty storage areas including NOR and NAND flash. With the storage industry in an upswing and overall capacity in short supply, the company has begun deploying additional capacity to increase flexibility. Meanwhile, southbound capital has been continuously adding positions in SMIC in recent sessions.

Within the Semiconductors sector, peer stocks also posted gains, with HUA HONG GRACE up 5.41%, GIGADEVICE up 4.11%, and MONTAGE TECH up 3.53%, reflecting sustained sector-wide strength. Additionally, the company previously completed the transfer of 49% equity in SMIC North, making it a wholly-owned subsidiary. Everbright Securities International maintains a buy rating with a target price of 90 HKD.

(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.)