Movement Alert|GTHT Falls 7.11% in Regular Trading, Brokerage Sector Under Broad Pressure Amid Executive Departure

Market Focus
Oct 02

On October 2, GTHT fell 7.11% in regular trading, trading at 13.95 HKD/share, with turnover of approximately 33.64 million HKD.

On the news front, the broader brokerage sector came under significant selling pressure, with peers CITIC Securities down 3.77%, CICC down 2.56%, and CGS down 2.51%, reflecting widespread industry weakness. At the company level, GTHT announced on September 30 that Vice President Han Zhida resigned due to a job transfer, effective immediately. While the company stated the departure would not affect normal operations, the management change compounded bearish sector sentiment and likely intensified short-term selling pressure.

Additionally, the company recently completed a registered capital reduction, cumulatively cancelling approximately 47.86 million treasury A shares. Notably, New China Asset Management increased its stake in GTHT to 20.24% on September 29, acquiring 9.96 million shares at an average price of 14.6965 HKD per share for approximately 146 million HKD, signaling institutional confidence despite near-term headwinds.

(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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