On June 2, Mao Geping (01318.HK) fell 5.02% in regular trading, trading at 62.45 HKD/share, with trading volume of approximately 141 million HKD.

The stock had rebounded sharply from a low of 56.5 HKD on May 27 to a high of 65.65 HKD on June 1, accumulating over 16% in gains within days. This rapid ascent intensified profit-taking pressure. Notably, short selling data from June 1 showed 831,600 shares sold short, totaling 53.07 million HKD and accounting for 12.53% of total turnover, signaling clear bearish intervention.

The prior May 15 shareholder placement of 9.87 million shares had triggered a nearly 17% selloff. Although the stock subsequently recovered amid 618 shopping festival catalysts and family insider purchases totaling 762,700 shares worth approximately 44.84 million HKD, the speed of the rebound left the stock vulnerable to technical correction as short-term gains proved excessive relative to underlying momentum.

(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.)