On June 2, Xunce (03317.HK) declined 5.43% in regular trading, trading at 188.0 HKD/share, with trading volume of approximately HKD 54.52 million. The stock continues its pullback from recent highs as profit-taking pressure persists.

On the news front, Xunce had surged nearly 10x over approximately 120 trading days, rising from 38 HKD to 380 HKD, earning it the market nickname of the Token First Stock. Following the company's May 25 launch of TokenONE, the world's first TokenOS operating system designed to enable enterprise data tokenization, short-term profit-taking funds have been steadily exiting positions. The stock's valuation remains elevated, with a forward P/E ratio of approximately 485x and price-to-book ratio exceeding 28x, adding further downside pressure.

Within the IT Consulting & Other Services sector, performance remains divergent. Among peers, CHINASOFT INT'L rose 2.88%, while Xunce underperformed, reflecting intensifying capital flow disagreements.

(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.)