Movement Alert|MONTAGE TECH Falls 6.89% in Regular Trading, Storage Sector Under Pressure as CXMT Listing Triggers Profit-Taking

Market Focus
07/28

On July 28, MONTAGE TECH fell 6.89% in regular trading, trading at 302.4 HKD/share, with turnover of HKD 152 million. The decline was driven by broad selling pressure across storage concept stocks following the landmark listing of ChangXin Memory Technologies (CXMT) on the STAR Market.

CXMT officially debuted on July 27, recording a staggering first-day turnover of RMB 122.1 billion, making it the first A-share stock to exceed RMB 100 billion in single-day trading volume. Its market capitalization briefly surpassed that of ICBC to become the largest A-share by total market value. The market has interpreted this event as a classic sell-the-news moment for the storage sector, with profit-taking sentiment spreading rapidly across related names for two consecutive trading days.

Within the Semiconductors sector, storage concept stocks bore the brunt of selling. Among individual stocks, GIGADEVICE fell 8.79%, ILUVATAR COREX fell 4.61%, BIREN TECH fell 3.39%, while SMIC rose 2.55% and HUA HONG GRACE rose 1.14%. Leveraged products also saw steep declines, with Southern 2x Long SK Hynix falling over 25% and Southern 2x Long Samsung dropping over 20%.

(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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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