On October 8, GWMOTOR fell 3.09% in regular trading, trading at HK$6.9 per share, with Turnover of HK$92.2875 million.
The decline came after the company reported September sales of 114,944 units, down approximately 14% year-over-year, with quarterly output falling about 10% to 121,098 units. BlackRock also reduced its long position in GWMOTOR's H shares to 10.97% through an off-market transaction involving non-cash assets, unwinding a share guarantee interest, which added to negative investor sentiment.
Within the Automobile Manufacturers sector, BYD COMPANY fell 2.21%, GEELY AUTO fell 2.67%, XPENG-W fell 1.58%, LI AUTO-W fell 1.43%, and LEAPMOTOR fell 3.08%. The broader sector remained weak on concerns over export growth normalization and internal demand uncertainty.