Movement Alert|Xunce Falls 5.27% in Regular Trading, Cornerstone Unlock One Trading Day Away Compounds Persistent Profit-Taking Pressure

Market Focus
Jun 26

On June 26, Xunce (03317.HK) fell 5.27% in regular trading, trading at HK$103.9/share, with turnover of HK$38.34 million.

On the news front, the stock had surged nearly tenfold from HK$38 to HK$380 over approximately 120 trading days, and profit-taking has persisted since late May, with the share price now retracing over 70% from its peak. More critically, approximately 6.41 million shares held by IPO cornerstone investors are set to unlock on June 29, with only one trading day remaining before the lockup expiry, intensifying near-term selling pressure expectations.

Additionally, Executive Director Jiang Chunfei's resignation officially takes effect following today's annual general meeting, adding management-level uncertainty. Within the IT Consulting and Other Services sector, LX Technology fell 3.26%, with the sector exhibiting overall weakness.

(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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