On September 24, MONTAGE TECH fell 3.2% in regular trading, trading at HK$299.8/share, with turnover of HK$49.44 million. The stock had rallied sharply in prior sessions, surging over 14% on September 22 and gaining another 3.23% on September 23, accumulating significant short-term gains.

On the news front, Hong Kong Exchange data showed that on September 23, MONTAGE TECH saw a large position transfer totaling HK$1.189 billion in market value, representing 5.07% of shares. Specifically, 3.34 million shares were transferred out of Citibank, while 3.24 million shares were transferred into Morgan Stanley Hong Kong Securities. The institutional repositioning, combined with the broader semiconductor sector retreat, weighed on sentiment. Within the sector, GIGADEVICE fell 3.64%, ILUVATAR COREX dropped 2.99%, BIREN TECH declined 2.89%, HUA HONG GRACE lost 2.01%, and SMIC slipped 0.86%, reflecting broad-based selling pressure that dragged on individual names including MONTAGE TECH.

(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.)