On June 17, LightIC Tech-P (01879.HK) declined 5.19% in regular trading, trading at 471.8 HKD/share, with turnover of approximately 27.81 million HKD. The stock extended its pullback for a second consecutive session following a sharp 15%-plus rally on June 15.

The prior surge was driven by a broad optical communication sector rally and the official launch of the Shanghai Integrated Optical Computing Chip and System Key Laboratory, co-established by Shanghai Jiao Tong University and the company. However, concentrated profit-taking pressure has emerged in the wake of the rapid advance. Additionally, the stock has been weighed down by the aftermath of earlier unsubstantiated market rumors that triggered a steep decline from the June 3 high of 708 HKD. Although the company has issued a clarification announcement denying all allegations, filed reports with law enforcement, and announced a share buyback plan of up to 10% of issued H-shares, market confidence remains fragile and requires further time to recover.

(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.)