On June 15, MingLue Technology-W (02718.HK) fell 6.12% in regular trading to HK$238.0, with turnover of HK$69.26 million. The decline follows a sharp multi-day rally that saw the stock surge over 40% in just two trading sessions last week, closing at HK$245 on June 12 after reaching an intraday high of HK$288.

The pullback appears consistent with the stock's well-documented high-volatility pattern driven by its extremely thin float. As a sub-one-year listed company, the majority of shares remain under lock-up, with actual free float representing a small fraction of total shares. This structural feature has repeatedly produced roller-coaster price action, with prior episodes including a roughly 40% correction from its May high of HK$357 following port stock connect inclusion on June 2. Market participants noted that the recent Agentic AI catalysts — including policy support from MIIT, NVIDIA CEO's endorsement of Agentic AI, and the company's product milestones — had already been priced in during last week's explosive rally, creating conditions for profit-taking.

(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.)