On June 10, Xunce (03317.HK) fell 5.02% in regular trading, trading at 149.0 HKD/share, with trading volume of approximately 80.52 million HKD. The stock has now nearly halved from its all-time high of 382.8 HKD.

On the news front, Xunce surged approximately 10-fold over roughly 120 trading days, climbing from 38 HKD to 380 HKD. Since the launch of TokenONE on May 25, profit-taking has intensified as early investors continue to lock in gains. More critically, approximately 6.41 million shares held by IPO cornerstone investors are set to be unlocked on June 29, representing a market value of nearly 1 billion HKD at the current price level, further amplifying selling pressure.

Within the IT Consulting and Other Services sector, the overall performance remains weak. Among individual stocks, Wellcell H-New down 3.77%, LX Technology down 2.2%, ChinaSoft International down 1.53%, Voicecomm down 1.27%, and DC Holdings down 0.48%.

(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.)