On June 23, Cambridge Technology fell 4.37% in regular trading, trading at HK$149.8/share, with turnover of HK$422 million.

On the news front, the optical communication sector saw broad-based selling pressure, with peer stocks YOFC falling 2.73%, Trigiant down 6.21%, ZTE declining 2.72%, and MEIG dropping 4.02%. The stock had surged 18% in its H-share listing and hit the daily limit on its A-share on the prior trading day, accumulating significant short-term profit-taking pressure.

Additionally, the A-share side has seen frequent block trades at steep discounts in recent sessions, with 22 transactions on June 15 alone totaling over RMB 143 million, signaling persistent institutional reduction that continues to weigh on market sentiment. The company completed a placement of 15.6 million new H-shares on June 4, representing approximately 16.84% of enlarged issued H-shares, with dilution effects still being digested by the market.

(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.)