NOVOSENSE's stock plummeted 5.90% during intraday trading on Friday, reflecting significant selling pressure on the semiconductor company.

The sharp decline was driven by the completion of a shareholder reduction plan, where shareholders Guorun Ruiqi and Huiyue Chengzhang collectively reduced their holdings by approximately 2.2171 million shares, representing 1.3634% of total share capital. This selling activity created profit-taking pressure, especially after the stock price had surged 49.15% during the reduction period from February to May.

Additionally, the broader semiconductor sector faced selling pressure, with other major semiconductor stocks also declining significantly. This sector-wide retreat amplified the downward momentum for NOVOSENSE through correlation effects, contributing to the stock's sharp intraday decline.