SIGENERGY's stock price plummeted 5.25% during intraday trading on Tuesday, reflecting significant selling pressure in the market.

The sharp decline follows the company's formal issuance of 2,036,000 H shares pursuant to the full exercise of the overallotment option, which increased the total issued share capital by approximately 1.46%. Additionally, the price stabilization period ended recently, meaning the underwriter is no longer providing price support and the stock is now fully subject to market supply and demand dynamics.

The broader Electrical Components and Equipment sector also faced pressure during the session, contributing to the downward movement in SIGENERGY's share price as investors reacted to the increased share supply and removal of stabilization mechanisms.