On June 9, Xunce (03317.HK) fell 3.27% in regular trading, trading at 162.1 HKD/share, with trading volume of 42.83 million HKD.

On the news front, the stock continues to face selling pressure as IPO cornerstone investors holding approximately 6.41 million shares are set to see their lock-up expire on June 29. At current prices, these shares represent a market value of nearly 1.06 billion HKD, intensifying market concerns over potential supply overhang.

Additionally, Xunce had surged nearly 10x over approximately 120 trading days from 38 HKD to 380 HKD, earning the moniker of the Token sector leader. Since the launch of its TokenONE operating system on May 25, short-term profit-taking has persisted, driving the stock into a prolonged pullback from its highs. Within the IT Consulting and Other Services sector, WELLCELL H-NEW fell 3.64%, while VOICECOMM declined 0.95%, reflecting broader sector weakness.

(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.)