On May 29, Sigre New Energy fell 3.17% in regular trading, trading at HKD 488.8 per share, with trading volume of approximately HKD 20.42 million.

On the news front, the company formally issued 2.036 million new H shares on May 18 pursuant to the full exercise of its over-allotment option at an issue price of HKD 324.20 per share, increasing total issued shares to 141,768,341. The price stabilization period ended on May 13, meaning underwriters no longer provide price support. The newly added tradable shares continue to exert selling pressure as the market digests the incremental supply.

Within the Electrical Components and Equipment sector, performance diverged today. JLMAG fell 4.23% and ZHAOWEI declined 4.61%, while CATL gained 2.23% and SUN.KING TECH rose 1.39%. Weakness in select peers further weighed on market sentiment. Although CLSA recently initiated coverage with an Outperform rating and a target price of HKD 608, near-term supply-side pressure continues to dominate price action.

(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.)