On June 23, Biren Technology fell 3.35% in regular trading, trading at 63.0 HKD/share, with turnover of HKD 171 million.

On the news front, the stock surged over 7% on the previous trading day to reach a record high of 66.35 HKD, pushing market capitalization above HKD 160 billion, triggering significant short-term profit-taking pressure. Additionally, the company submitted an application to the China Securities Regulatory Commission on June 5 to convert approximately 868 million domestic unlisted shares into H-shares, with the substantial increase in potential circulating supply continuing to weigh on market sentiment.

Within the Semiconductor sector, performance diverged notably on the same day, with SMIC up 3.04%, Hua Hong Grace up 2.79%, while GigaDevice fell 5.22%, Montage Technology fell 6.05%, and Innoscience fell 2.03%, reflecting broader sector weakness that amplified the adjustment sentiment for Biren Technology.

(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.)