On June 18, GF Securities (01776.HK) declined 3.03% in regular trading, trading at 16.98 HKD/share, with turnover of approximately 33.27 million HKD.

On the news front, GF Securities continues to face headwinds from its role as sponsor in the Qingyue Technology IPO fraud case on the STAR Market. The firm was ordered to jointly establish a compensation fund with the accounting firm and the company's controlling shareholder to reimburse affected investors. Referencing the precedent set by the Zijing Storage case (approximately 1.086 billion yuan in compensation), market estimates place the total payout at between 500 million and 1.1 billion yuan, with GF Securities bearing a portion. Although GF Securities reported net profit of 13.7 billion yuan for fiscal year 2025, the event has weighed on market sentiment.

Within the Investment Banking and Brokerage sector, stocks broadly declined. CITIC Securities fell 3.68%, CICC fell 3.01%, HTSC fell 1.22%, while CAM CSI300 edged up 0.17%.

(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.)