On June 9, Cambridge Technology (06166.HK) rose 5.16% in regular trading, reaching HK$133.6 per share, with trading volume of HK$648 million.

On the news front, the stock had previously dropped to HK$127.6 on June 8, approaching its recent H-share placement price of HK$126.66, which formed strong technical support and triggered an oversold rebound. The company completed the placement of 15.6 million new H shares on June 4, raising net proceeds of approximately HK$1.967 billion, with 80% allocated to strategic reserves of core components. The dilution effect from the placement has been gradually digested over several trading days, easing selling pressure.

At the sector level, the communications equipment industry strengthened broadly, with YOFC surging 9.39%, Trigiant rising 5.96%, and ZTE gaining 2.54%, providing supportive sentiment spillover. The company's 800G silicon photonics modules are in mass delivery to North American clients, with 1.6T products entering volume production, maintaining underlying fundamental support.

(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.)