On June 11, J&T Global Express-W (01519.HK) fell 4.21% in regular trading, trading at 8.32 HKD/share, with trading volume of approximately 140 million HKD.

On the news front, the company's inclusion in the Hang Seng Index officially took effect on June 8. Having rallied in prior sessions on passive fund allocation expectations, the stock has been under sustained selling pressure as the positive catalyst was fully priced in. Despite the company repurchasing 4.47 million shares on June 10 at prices between 8.59 and 8.88 HKD per share for approximately 39.16 million HKD, the buyback failed to offset persistent profit-taking.

On the fundamental side, Q1 data revealed a reduction of 100 network partners, 200 service outlets, and 300 trunk-line vehicles, indicating unresolved concerns over the disconnect between scale expansion and profitability. Meanwhile, Q1 global parcel volume reached 8.326 billion pieces, up 26.2% year-over-year, providing partial valuation support.

The broader logistics sector declined in tandem, with SF Intra-City down 3.6%, SF Holding down 2.34%, KLN down 1.81%, JD Logistics down 1.24%, and ZTO Express down 0.11%, reflecting weak industry-wide sentiment.

(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.)