Movement Alert|SMIC Falls 3.01% in Regular Trading, Southbound Funds Extend Sustained Selling Streak as Semiconductor Sector Slides

Market Focus
Yesterday

On September 14, SMIC fell 3.01% in regular trading, trading at 61.2 HKD/share, with turnover of 1.772 billion HKD.

On the news front, southbound capital has been persistently offloading SMIC shares. Data shows southbound funds net sold approximately 3.135 billion HKD worth of SMIC shares over the prior week alone, with cumulative net reduction of around 29.07 million shares over five trading days, making SMIC the largest southbound net-sell target. The selling streak has extended beyond seven consecutive sessions, intensifying bearish sentiment. Additionally, 1.0314 million restricted shares from the company's equity incentive plan were unlocked for trading on September 10, further expanding market supply. The broader semiconductor sector remains under pressure, with peers including HUA HONG GRACE down 4.03%, GIGADEVICE down 5.66%, MONTAGE TECH down 4.34%, BIREN TECH down 4.85%, and ILUVATAR COREX down 5.26%.

(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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