On September 28, ILUVATAR COREX fell 3.25% in regular trading, trading at HK$117.6 per share, with turnover of approximately HK$25.94 million.

On the news front, the company completed a capitalization issue on September 22, distributing two new shares for every existing share held, issuing approximately 520 million new shares and expanding total issued shares to 808 million. Since the newly issued shares began trading on September 23, the stock has experienced consecutive sessions of pullback — declining 8.68% on September 23, over 4% on September 24, and continuing to slide in subsequent sessions. The substantial expansion in tradable shares has created persistent short-term supply pressure that the market is still absorbing.

The broader semiconductor sector extended its weakness on the same day. Among sector peers, BIREN TECH fell 5.03%, MONTAGE TECH fell 4.39%, HUA HONG GRACE fell 4.26%, GIGADEVICE fell 3.48%, and SMIC fell 2.21%, reflecting broad-based sector headwinds that further amplified the downward pressure on individual names including ILUVATAR COREX.

(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.)