On August 3, MONTAGE TECH fell 3.35% in regular trading, trading at 258.8 HKD/share, with turnover of approximately 65.67 million HKD.

On the news front, the decline represents a technical pullback following a sharp rally on July 31 when the company announced it was the first in the industry to trial-produce the CXL 3.2 Memory Expansion Controller (MXC) chip, which drove the stock up over 15% that day. With the positive catalyst now fully priced in, selling pressure emerged. Meanwhile, the broader semiconductor sector traded weak, with GIGADEVICE down 2.31%, ILUVATAR COREX down 0.71%, and BIREN TECH down 0.32%.

Additionally, UBS Group AG previously reduced its holdings by 123,700 shares at approximately 264.12 HKD per share. However, the company has been actively conducting A-share buybacks, repurchasing a cumulative 705,000 shares on July 29 and 30 for approximately 144 million RMB, signaling management confidence in its valuation.

(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.)