Stock Track | INNOSCIENCE Plummets 5.13% Intraday on Profit-Taking After Patent Victory Rally and Unlock Pressure

Stock Track

06/16

INNOSCIENCE (HKEX: 02577) shares plummeted 5.13% during Tuesday's intraday session.

The decline comes as profit-taking emerges following a sharp rally driven by the company's landmark patent victory over Infineon. Persistent selling pressure from the company's H-share full circulation continues to weigh on sentiment, with approximately 374 million previously unlisted domestic shares converted to tradable H-shares. Additionally, STMicroelectronics' cornerstone allocation of approximately 12.59 million shares is set to unlock soon, further dampening near-term appetite. Institutional shareholders including China Merchants Bank International have recorded multiple recent disposals according to HKEX filings.

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Persistent selling pressure from the company's H-share full circulation continues to weigh on sentiment, with approximately 374 million previously unlisted domestic shares converted to tradable H-shares. Additionally, STMicroelectronics' cornerstone allocation of approximately 12.59 million shares is set to unlock soon, further dampening near-term appetite. 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