On September 24, ILUVATAR COREX fell 4.25% in regular trading, trading at 121.3 HKD/share, with turnover of HKD 110 million. The stock continued its downward trajectory after dropping 8.68% in the prior session, as selling pressure from a massive share supply expansion remained unabated.

On September 22, the company completed a capitalization issuance, distributing approximately 520 million new shares at a ratio of two bonus shares per existing share, expanding total issued capital to 808 million shares. The newly issued shares commenced trading on September 23, resulting in a sharp increase in tradable supply that has weighed heavily on the stock over consecutive sessions. Analysts have also noted that the company's first-half turnaround to profitability was largely underpinned by RMB 760 million in fair value gains, with core operations still running at a loss after stripping out non-recurring items.

The broader semiconductor sector also traded lower, compounding downward pressure. Among sector peers, GIGADEVICE fell 4.26%, HUA HONG GRACE declined 3.15%, BIREN TECH dropped 2.94%, MONTAGE TECH lost 2.22%, and SMIC slipped 1.41%, reflecting broad-based sector weakness.

(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.)