On June 11, Xunce (03317.HK) fell 5.15% in regular trading, trading at HK$149.3/share, with trading volume of approximately HK$94.65 million.

On the news front, Xunce had surged nearly 10x from HK$38 to HK$380 over approximately 120 trading days. Since the release of its TokenONE system on May 25, profit-taking has been ongoing, with the stock now having retreated over 60% from its peak. Additionally, approximately 6.41 million shares held by IPO cornerstone investors are set to be unlocked on June 29, representing a market value of roughly HK$960 million at the current price. The approaching unlock date has further intensified selling pressure. Broader AI sector weakness has also weighed on sentiment.

Within the IT Consulting and Other Services sector, WELLCELL H-NEW fell 8.16%, CHINASOFT INT'L fell 6.89%, LX TECHNOLOGY fell 2.41%, VOICECOMM fell 1.47%, while MICROWARE rose 8.51%.

(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.)