On August 3, LUXSHARE ICT fell 3.32% in regular trading, trading at 53.85 HKD/share, with turnover of 22.15 million HKD. The stock has further broken below its IPO price of 63.28 HKD, with cumulative losses from the listing price widening to approximately 15%.

The company listed on the Hong Kong Stock Exchange on July 9, raising a total of 24.266 billion HKD through the issuance of 383 million shares. Less than one month after listing, the stock remains under significant selling pressure. Bank of New York Mellon previously reduced its H-share holdings by over 30.44 million shares in a single day on July 21, slashing its stake from 11.28% to 3.36%. This concentrated foreign disposal has created supply-side overhang that has yet to be fully absorbed.

The broader Electronic Components sector continues to weaken, with KB Laminates down 9.65%, VGT down 2.11%, Kingboard Holdings down 2.24%, Sunny Optical down 1.52%, while Lens rose 0.78%. The sector-wide decline combined with the ongoing HK IPO break-issue wave continues to weigh on sentiment.

(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.)