Movement Alert|YOFC Rises 3.06% in Regular Trading, Optical Communications Sector Stabilizes After Two-Day Pullback as BlackRock Increases Stake

Market Focus
Yesterday

On September 16, YOFC rose 3.06% in regular trading, trading at HK$177.2/share, with turnover of HK$271 million.

The optical communications sector broadly stabilized and rebounded after two consecutive days of collective selloff on September 14 and 15, which had been triggered by three major AI giants — Anthropic, OpenAI, and SpaceX AI — jointly calling for a slowdown in AI development. Sector peers also recovered, with CIG up 3.56%, FS.COM up 3.37%, and ZTE up 1.16%, indicating improving sentiment.

On the capital flow front, HKEX filings revealed that BlackRock raised its long position in YOFC H-shares from 6.71% to 7.13% as of September 9. Southbound capital has also been persistently net buying, with institutional flows signaling a constructive stance. YOFC had previously surged 9.91% in a single session on September 9 and gained 3.44% on September 11, accumulating significant short-term gains before the pullback. The company reported H1 net profit of approximately RMB 2.925 billion, up 889% year-over-year, underpinning fundamental support.

(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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