Movement Alert|Geely Auto Falls 3.21% in Regular Trading, Automobile Sector Under Broad-Based Selling Pressure

Market Focus
Jul 09

On July 9, Geely Auto fell 3.21% in regular trading, trading at HK$18.21/share, with turnover of HK$120 million.

The decline was driven by broad-based selling pressure across the automobile manufacturing sector. Within the sector, major peers declined in tandem: BYD Company down 1.28%, XPeng down 2.78%, Li Auto down 2.18%, Leapmotor down 3.04%, and NIO down 2.93%.

The pullback follows a strong rally in recent sessions. Geely surged over 5% on July 6 and gained another 3% on July 7, fueled by record June overseas export data exceeding 100,000 units for the first time and multiple investment bank upgrades including Citi adding the stock to its Pan-Asia Focus List with a HK$30 target price. The retreat appears in the context of sector-wide profit-taking after the recent rally.

(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.)

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