On July 24, HUA HONG GRACE rose 3.15% in regular trading, trading at 153.4 HKD/share, with turnover of 3.209 billion HKD.

On the news front, the stock stabilized and rebounded after short-term selling pressure was released. HUA HONG GRACE had surged nearly 18% on July 21 before encountering profit-taking on consecutive sessions, falling over 5% on July 22 and 7.7% on July 23. With accumulated selling largely digested, the stock entered a technical recovery phase. The broader semiconductor sector strengthened simultaneously, with Montage Technology up 10.26%, Iluvatar CoreX up 4.41%, GigaDevice up 4.2%, and SMIC up 2.97%, creating a sector-wide linkage effect.

On the fundamental side, the company received CSRC approval to issue shares for acquiring 97.5% equity of Hualix Micro, eliminating a core uncertainty and providing medium-term support for the stock price. Institutional data showed that on July 21, institutions net sold 324 million yuan and northbound funds net sold 98.2 million yuan during the rally, indicating prior distribution pressure has now been largely absorbed.

(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.)